Depreciation Surveys & Tax Depreciation Schedules
A quality Tax Depreciation Schedule is a must-have for property investors, allowing you full access to the tax deductions you are entitled to.
Unfortunately your investment declines in value over time, and there are unavoidable costs associated. Items like your carpets, laundry and kitchen appliances eventually need replacing - and ultimately the building itself.
A Tax Depreciation Schedule allows you to claim tax back on these costs over time as your investment value declines. You can even claim on renovations done to the property before it was yours.
A Jeff Viney Tax Depreciation Schedule ensures you are receiving the maximum possible deductions. It also provides a convenient 20 year Depreciation Summary, meaning you will only need this service once. The Tax Depreciation Schedule remains a valid means for property depreciation claims for up to 20 years.
You may be entitled to thousands of dollars worth of tax deductions each financial year. Jeff Viney is your local Quantity Surveyor, let him secure that for you.
The ATO separates depreciation into two categories
- Plant & Equipment items (Division 40) and;
Cost Estimation Services
A professional Cost Estimate will ensure your project can be completed on time and within budget. Relying on extensive experience and knowledge of Domestic, Commercial and Industrial builds, Jeff provides a range of Cost Estimation services to suit all stages of your project.
Replacement Cost Estimation and Insurance Valuation
Contact Jeff today to ensure your building is properly covered in the event of an insurance claim. He can provide you with a report which indicates the costs which precede a rebuild; from demolition and design, through to commissioning costs.
Elemental Cost Analysis
An elemental cost analysis considers elements of known building costs in relation to the measured area of work. These accumulate costs such as building materials and labor, and produce a cost-estimate per square meter.
Progress Claim Reports
Progress claim reports involve a detailed site inspection to help Financiers and Developers understand the amount of work taking place, and how much the Contractor is to be paid. These reports are ongoing, ensuring funds spent on a project at any given time do not exceed the cost of completed works.
Detailed Bill of Quantities
A detailed bill of quantities quantifies all measurable items on a plan and applies a rate for each to arrive at a reasonable estimate of the total cost.
Financial Cost Reports
Banks and other financial institutions will require a Quantity Surveyor to produce estimates in order to confirm the costs outlined for your project are both accurate and realistic.