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Since 2004, TSL Pty Ltd has been assisting property investors and landlords across Victoria to make the most of potential savings through the tax depreciation system. In a nutshell, you can claim the reduction in value of assets/elements throughout your investment property, against your taxable income. You may be surprised at what is claimable, whether you have a small apartment/apartments, or a large furnished property. Our expert quantity surveyors offer a competitive fixed price on a complete service that includes every possible depreciable detail of your property.
Your finished tax depreciation report will include:
- A full on-site inspection
- Calculations for the remaining depreciable lifetime of your property – up to 40 years
- Labelled floor plans
- Furniture and fixed furnishings
- Calculations using both methods approved by the ATO (Prime Cost AND Diminishing Value)
- Body corporate / owner’s corporation depreciation
- Low value pooling
Your surveyor will also be available to explain any detail of the completed report. For example, there may be some items of which you did not take note when purchasing the property, such as the make and model of the water heater, yet these may be included in the report. Our aim is to cover every possible item and save you as much money as possible.
Simply put, TSL offers a professional, efficient service that will leave you in no doubt that you have the most comprehensive tax depreciation schedules in Melbourne and wider Victoria.
To arrange a discount for property tax depreciation reports on a larger group of properties, please contact us.