What is Tax Depreciation?

Depreciation is the accounting method used for calculating the loss in value of a building over time. It involves assessing how much your investment property depreciates each year and producing a Schedule that enables you to claim the depreciation as a tax deduction each year.

The vast majority of Investment Property Owners are not aware of the tax advantages that claiming depreciation brings, and how it can improve their overall Return on Investment. If you have owned the property for several years, a Tax Depreciation Schedule may even be retrospectively applied, allowing your accountant to amend up to two previous tax returns.

“Doesn’t my Accountant look after that?”

Many investors rely on their Accountant to organise a Tax Depreciation Schedule to be completed for you, however it’s important to know that the Accountant cannot produce the Depreciation Schedule themselves. The Accountant will need to contact a Quantity Surveying company to complete this for you which may end up costing you more time and money. It is always best to arrange for a Tax Depreciation Schedule to be completed as soon as you purchase your investment property.

All TYPES OF investors CAN have a tax depreciation schedule on their investment property.

  • First time investors

  • Experienced investors

  • Self Managed Super Funds (SMSF)

you can claim depreciation on:

  • Bricks & mortar

  • Carpets & flooring

  • White goods & electrical appliances

  • Toilets & showers

  • Pools & pergolas

  • Air conditioning & solar panels

  • Door handles & garbage bins

  • Strata common areas

Tax Depreciation is crucial for any investment property strategy.

Why get a Tax Depreciation Schedule?

  • For financial gain

  • To generate additional cash flow that can be used to fund other investments

  • To offset the losses from falling rents and high vacancy rates

  • To claim an immediate deduction on scrapped items if renovating

Tax Depreciation applies to:

  • Residential properties

  • Commercial properties

  • New buildings

  • Old buildings




$595 (inc. GST)


How do I book?


Call Asset Reports or fill out our booking form to get a free estimate.


We will arrange site access and conduct an inspection of the property.


You will receive your completed Tax Depreciation Schedule within 7 days.



What type of investor are you?

We are registered with the Tax Practitioners Board


*PCRs and Routine Inspections available in Perth only