Claim maximum returns on your commercial and residential investment properties with our Tax Depreciation Schedule

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Request a quote for your tax depreciation schedule and keep more money in your pocket today!

 
About Us

We are a family owned and operated business, specialising in Architectural, Quantity Surveying and Project Management services.


We help clients navigate the requirements of council, financial institutions, strata and authorities to ensure every project reaches fruition and exceeds expectations throughout the project life cycle.


We believe success is found when surrounded by the right team, who are strategic, innovative and flexible. We utilise our multi-disciplinary attributes to deliver outstanding results above and beyond your expectations.


Welcome to the Archi-QS family.

Directors

Samuel Star
Principal

samuel@archi-qs.com.au

  • Certified Quantity Surveyor (CQS) No. 2752

  • Associate of the Australian Institute of Quantity Surveyors (AAIQS)

  • Registered ATO QS Tax Agent No. 24722473

  • Graduate Diploma of Architecture (UNSW)

  • Bachelor of Building in Construction Economics (UTS)

Sarah Bozionelos
Senior Manager
sarah@archi-qs.com.au

  • Nominated Architect No. 10024

  • Member of the Australian Institute of Architects (RAIA) 

  • Master of Architecture (USYD)

  • Bachelor of Architectural Studies (UNSW)

  • Certificate  IV in Occupational Health and Safety (WHS)

Awards
Affiliations
 
Tax Depreciation
What is Tax Depreciation?

As a building gets older and the items within it wear out, their value begins to depreciate. As a property investor, you will be able to use a tax depreciation schedule to claim this loss in value as a tax deduction for each financial year, over 40 years of ownership.

A tax depreciation schedule is a report that breaks down the depreciable assets of an investment property including the building itself. It may be used to enable property investors to claim back a portion of the costs for eligible assets.

What Are The Methods of Depreciation?

 

There are two methods for depreciating assets, prime cost and diminishing value. The prime cost method depreciates assets equally over its effective life. This differs from diminishing value as this method assumes the value of the depreciating asset declines in value each year, resulting in higher deductions in the first few years of a claim.

Claiming tax depreciation is a significant benefit that many investment property owners are unaware of

Changes in Legislation

The Treasury Laws Amendment (Housing Tax Integrity) Bill 2017 was passed on the 15th of November 2017. This new bill includes changes to the Income Tax Assessment Act 1997.

The new legislation denies property investors from claiming income tax deductions for the decline in value of ‘previously used’ depreciating assets (Division 40: Plant and Equipment) within residential investment properties.

This means that most properties purchased prior to the 15th of November 2017 can still claim Division 40 deductions, however, exceptions do apply. Find out more by requesting a copy of our detailed White Paper below.

Who Will Be Affected?

Anyone who purchased a second-hand residential property and exchanged contracts after 7:30pm on the 9th of May 2017 will not be able to claim tax depreciation on existing plant and equipment assets under Division 40.

In this instance, an owner selling a capital asset such as real estate or shares, is required to pay the Capital Gains Tax (CGT) within the first financial year of the sale. The sale of such an asset can usually result in a capital gain or loss. A capital loss can be used to offset a capital gain. As the new legislation denies investors from claiming Division 40 Plant and Equipment deductions, a capital loss can be claimed for the decline in value of the assets through a Capital Loss Plant and Equipment Schedule.

 

There are many exceptions to the new legislation which can mean that your investment property may or may not be eligible regardless of purchase date. More detailed information about this can be found in our White Paper. Request a copy below.

If you have purchased your investment property and have yet to claim deductions, our tax depreciation schedules entitle you to back-claim up to 2 tax returns.

What About Renovated Properties?
We Can Provide Split Ownership Reports
Commercial Properties
Interested in learning more about the new legislation?
Fill out this form to request a copy of our detailed White Paper

*By submitting this form you are agreeing to receive newsletters from us

These eligible assets fall into two divisions:

Capital Works - Construction costs of the building itself, such as concrete, brickwork, foundations etc.

Plant and Equipment - Items within the building like ovens, air conditioners, carpets, blinds etc.

Property investors who have carried out substantial renovations on their property can still claim tax depreciation as usual.

Substantial renovations include structural and non-structural additions, changes or upgrades where all or most of the building has been substantially removed or replaced.

Request a copy of our detailed White Paper below to find out more about substantial renovations.

Property investors who have carried out substantial renovations on their property can still claim tax depreciation as usual.

Substantial renovations include structural and non-structural additions, changes or upgrades where all or most of the building has been substantially removed or replaced.

Request a copy of our detailed White Paper below to find out more about substantial renovations.

Our tax depreciation schedules are not limited to only residential investments. Commercial or industrial properties that are used for income producing purposes are entitled to claim tax depreciation.

 
 
Case Studies 

The information is provided as a general guide and does not constitute taxation, financial or legal advice, and is supplied as an example only.

Brand New 1 Bed Apartment

(details)

Brand New Townhouse

(details)

2 Bed Apartment bought in 2016

(details)

Thousands of clients have trusted Archi-QS with the delivery of their Depreciation Schedules.

We specialise in Tax Depreciation and are competitively priced.

We guarantee that your first financial year deduction with our depreciation schedule will be greater than double our fee. 

We can offer a personalised quote for 3 or more depreciation schedules.

You can call us during business hours and speak to a local.

We can turn around your depreciation schedule within 5 business days. 

Our reports include 2 methods of tax depreciation: Prime Cost and Diminishing Value

We have handled every type of property on the market and there is no job too big or too little. 

We are a family run and owned business and treat you as our own. 

Our fees are 100% deductible under legislation.

Our reports are ATO compliant.

We can produce split reports for

multiple ownership, increasing immediate tax claims.

We provide capital loss depreciation on plant and equipment for those properties who are not eligible for tax depreciation of such assets to enable them to reduce their CGT liability.

 
Partnerships

We welcome all industry professionals, from Accountants, Real Estate Agents, Mortgage Brokers and Conveyancers, for new partnership opportunities that benefits all parties involved. Together, our aim is to educate our mutual client and assist the development of their property investment portfolio in key areas such as cash flow, affordability, and most importantly, maximising tax returns.

 

We are currently partnered up with hundreds of accountants around Australia who recommend Archi-QS for completing their client’s tax depreciation schedules. These partnerships have been built on pillars of trust, results, ease-of use, and keeping the interest of our mutual client’s top priority.   Contact us today and we would be delighted to sit down and chat on how we can do business together.

 
Other Services

ARCHI-QS
OVERVIEW

We offer a broad range of services and can assist you throughout any phase of the construction life cycle, from inception through to post occupancy.

DETAILED COST REPORTS

FOR NSW COUNCILS

We can start preparing your Detailed Cost Report for Council to submit with your Development Application right away and have it completed between 2 and 4 business days.

INSURANCE
VALUATIONS

In case of a natural disaster or accidental fire, a Quantity Surveyor is key in making sure your building is insured for the right amount, which may also help you and other owners save on premiums.

 

Shop 3, 350 Oxford Street
Bondi Junction NSW 2022

E: admin@archi-qs.com.au

T: 02 9586 4401

Certified Quantity Surveyor - Samuel Star Reg. No. 2752 CQS, AAIQS

Nominated Architect - Sarah Bozionelos Reg. No. 10024 RAIA

© 2020 Archi-QS Pty Ltd. Created by STERNDALE

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