How much does a Depreciation Schedule Cost?
Typical Cost of a Residential Depreciation Schedule
The cost of preparing a residential Depreciation Schedule generally depends on the property type and complexity.
As a general guide in Australia:
Apartments / Units: typically from around $450–$500
Houses / Townhouses: typically from around $600–$700
Larger or more complex properties may involve higher fees.
These prices usually include the full Depreciation Schedule covering both capital works and plant and equipment deductions where applicable.
You can view our current pricing for residential Depreciation Schedules on our website.
Is the Cost of a Depreciation Schedule Tax Deductible?
In most cases, yes. The fee paid to prepare a Depreciation Schedule for an investment property is generally Tax Deductible.
When you own an investment property, the rent you receive is considered taxable income. Because of this, many of the costs associated with generating that income are deductible, including expenses related to the building and its assets.
The cost of preparing a Depreciation Schedule is typically treated as a property management expense. As a result, the investor can claim the cost of the Schedule in their next tax return.
Why Site Inspections Matter
At R24, our fee includes a site inspection of the property. This allows our team to properly identify the building structure, assets, and improvements that may qualify for Depreciation.
While some providers offer low-cost online or self-assessment reports, these approaches may rely on limited information about the property. Without physically inspecting the property, certain assets or improvements can potentially be overlooked.
A site inspection allows a Quantity Surveyor to properly document the property and identify all relevant components, helping ensure the Depreciation Schedule accurately reflects the assets and construction elements present.
For many investors, the goal of a depreciation schedule is to identify the full range of deductions available, which is why a thorough inspection is often recommended.
Why Many Investors Request a Free Estimate First
Before ordering a full depreciation schedule, many investors choose to request a free depreciation estimate.
An estimate provides an indication of the likely deductions available for the property.
This allows investors to make an informed decision about whether preparing a full depreciation schedule is worthwhile.
Rather than relying on generic marketing offers, an estimate gives a clearer understanding of the potential benefit before paying for the service.
Requesting a Free Estimate
If you would like to understand the potential depreciation deductions available on your investment property, you can request a free estimate by providing the property address and a few basic details.
Our team can review the property and provide an indication of the deductions that may be available.
Common Questions About Depreciation Schedule Costs
Is the cost of a Depreciation Schedule tax deductible?
In most cases, yes. The fee for preparing a depreciation schedule is typically deductible as a cost associated with managing an income-producing investment property.
Do you need a new Schedule every year?
No. A depreciation schedule is usually prepared once and then used by your accountant each year when preparing your tax return.
Does the price change for older properties?
Sometimes. Older properties may require additional investigation to estimate construction costs, which can affect pricing depending on complexity.
Ask us for an Estimate or a Quote first and we will often provide a discount if there are limited deductions available on the property.
What information is needed to prepare a Depreciation Schedule?
Typically the property address, ownership details, and access for a site inspection if required.
This article was prepared by the team at R24 Quantity Surveyors, specialists in Tax Depreciation Schedules for residential and commercial property across Australia.