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FAQs

What is investment property depreciation?

When you make an investment in property, that property can age and wear out over time, potentially impacting its overall value. Additionally, there are running costs associated with maintenance or refurbishment. This applies to both commercial and residential investment properties; both are subject to the vagaries of age and can be negatively impacted over time, even when regular maintenance and refurbishments are being carried out. 

Accordingly, you can be eligible for investment property tax deductions to help offset the loss of this value. The decline in value can be reduced from your taxable income and is known as investment property depreciation.

How does depreciation work on investment property, and how is it calculated?

Depreciation on your property is typically calculated on an investment property depreciation schedule; this is a pre-set amount of time that looks at the initial value of the property and calculates the depreciation over a number of years. This is generally based on a percentage of the value of the property, with the amount of depreciation claimable gradually decreasing for the longer you own the property. If you’re looking to set up your own, you can order a depreciation schedule from Budget Tax Depreciation today.

What types of property can be depreciated, and who is eligible to claim it?

Both commercial and residential investment properties can be depreciated over time. But some additional criteria must be met for it to be considered eligible: 

  • The taxpayer must own the property that you’re looking to claim depreciation on
  • It must be being currently used in a business or income-generating capacity
  • The determinable useful life of the property must be known and exceed at least one year  

Accordingly, it’s not as simple as building a portfolio of properties that aren’t being used and then claiming depreciation benefits to offset costs. However, if you’re unsure if your particular investment property is eligible, reach out to the experts at Budget Tax Depreciation. They’ll be able to provide you with the relevant information for whether or not your property is eligible.

What happens if I don't depreciate my property?

There are no legal consequences to not claiming depreciation on your investment property; it’s a voluntary process. However, it does mean that you won’t be maximising the tax benefits that you can derive from owning an investment property, which in turn means that you’ll potentially lose out on monetary benefits. If you’re wanting to know more about how claiming investment property tax deductions can benefit you, get in touch with Budget Tax Depreciation today. We’ll be more than happy to help you discover how you can benefit.

Order Your Business Tax Depreciation Schedule

We will easily schedule a professional surveyor to come out to your property at a time that suits, and you’ll get your schedule report as soon as possible. For more information on process, feel free to navigate our detailed site or contact us. You can email us at or alternatively call anytime on 1300 884 215.

Australia’s First Choice For Commercial Tax Depreciation Service

Budget Tax Depreciation are proud to offer commercial tax depreciation schedule servicing to Sydney, Melbourne, Brisbane, Gold Coast and surrounding areas. Our professional, registered tax agents have years of experience and will help you get the best results possible.

Not a commercial customer? Budget Tax Depreciation offer a full range of tax depreciation services and can help you with your personal taxation needs. Read our frequently asked questions to learn more about tax depreciation, or call our team on 1300884215 to discuss our services.

GET IN TOUCH WITH US TODAY

When you want the very best, contact Budget Tax Depreciation. Let us show you how we can not only save you money on your taxes but also get your highest, healthy refund at the end of the year.

We provide Tax Depreciation Schedule services to: Brisbane, Sydney, Melbourne, Gold Coast, Sunshine Coast, Ipswich, Springfield Lakes and North Lakes.

Phone: 1300 884 215
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When you want the very best, contact Budget Tax Depreciation. Let us show you how we can not only save you money on your taxes but also get your highest, healthy refund at the end of the year. We provide Tax Depreciation Schedule services to: Brisbane, Sydney, Melbourne, Gold Coast, Sunshine Coast, Ipswich, Springfield Lakes and North Lakes.
  • Tax Depreciation in the Gold Coast, Suite 30610, Level 6, Southport Central 3 Commercial, 9 Lawson Street, Southport, QLD 4215, https://budgettaxdep.com.au/gold-coast-best-tax-depreciation-service-provider-1-rated/
  • Tax Depreciation in Brisbane, 13 Hubbard Street, Wavell Heights, QLD 4012
  • Tax Depreciation in Brisbane , 8 Bluegum Rise, Anstead, Qld 4070
  • Tax Depreciation in Sydney, Unit 42, 1-5 Collaroy Street, Collaroy, NSW 2097
  • Tax Depreciation in Melbourne, Unit 9, 440 Collins Street, Melbourne, VIC 3000

Phone: 1300 884 215 | Address: 13 Hubbard Street, Wavell Heights, Brisbane, QLD 4012

  • Phone: 1300 884 215
  • Address: 13 Hubbard Street, Wavell Heights, Brisbane, QLD 4012
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