How Much Does a Tax Depreciation Schedule Cost for a Commercial Property?
A commercial property Tax Depreciation Schedule with R24 starts from $400 + GST, including a full site inspection.
The cost depends primarily on the size and complexity of the property, with larger buildings and tenant fit-outs potentially requiring additional assessment.
Unlike online services that rely entirely on information supplied by the property owner, every R24 Tax Depreciation Schedule includes a physical inspection. Our qualified Quantity Surveyors assess the property to identify eligible deductions for the building and its plant and equipment.
Commercial Property Tax Depreciation Schedule Prices
R24 offers transparent pricing for standard commercial properties across Australia.
Property Size Price (ex GST)
Up to 100 m² $400
101–200 m² $550
201–300 m² $600
301–400 m² $700
401–500 m² $750
501–600 m² $800
Over 600 m² On quote
All prices include a site inspection. Office and tenant fit-outs are excluded from the standard pricing and can be assessed separately.
For larger or more complex properties, R24 can provide a tailored quote.
What's Included in the Price?
Every R24 commercial Tax Depreciation Schedule includes:
Physical site inspection to assess the building, improvements and identifiable plant and equipment.
Division 43 assessment of eligible capital works, including the building structure and qualifying improvements.
Division 40 assessment of eligible plant and equipment, such as air-conditioning systems, machinery and certain fixtures.
Tax Depreciation Schedule setting out the assessed deductions for use by the property owner's accountant.
Our Quantity Surveyors assess the property rather than relying solely on the owner's knowledge of construction costs and asset classifications.
Why Does a Site Inspection Matter?
Not all Tax Depreciation Schedule services include a physical inspection.
Some online providers use questionnaires, photographs and information supplied by the property owner to prepare their schedules. While these services may be cheaper, they can place greater reliance on the owner to correctly identify the property's assets and improvements.
For commercial properties, this can be particularly challenging.
A building may contain multiple air-conditioning systems, specialised equipment, alterations, previous fit-outs and improvements completed at different times.
R24 includes a site inspection in every schedule, at no additional charge.
Our Quantity Surveyors inspect the property and assess the relevant assets and improvements, reducing reliance on owner-supplied information and providing a professionally prepared depreciation assessment.
The property owner remains responsible for the claims made in their tax return, but shouldn't have to undertake the technical assessment themselves.
Why Do Commercial Depreciation Schedule Costs Vary?
The cost of preparing a commercial depreciation schedule depends on several factors.
Building size and complexity
A small retail tenancy is generally simpler to assess than a large industrial facility containing extensive mechanical equipment, multiple buildings or specialised improvements.
Plant and equipment
Commercial properties can contain significant depreciating assets, including air-conditioning systems, lifts, machinery and other equipment. Identifying and classifying these assets forms part of the assessment.
Alterations and improvements
Buildings that have undergone multiple renovations or extensions may require additional assessment to identify eligible construction expenditure and relevant completion dates.
Ownership and tenancy arrangements
Commercial properties may have improvements funded by the landlord, tenant or both. Determining which expenditure belongs in a particular depreciation assessment can require further information.
What About Office Fit-Outs and Tenant Improvements?
Office, retail, medical and hospitality fit-outs can contain substantial depreciation deductions.
However, commercial fit-outs are not automatically included in the building owner's depreciation schedule.
For example, a tenant may pay for its own office fit-out, while the landlord contributes towards certain improvements as part of the lease agreement.
Depending on the arrangements, different parties may be entitled to claim deductions for different components.
That's why R24's standard commercial depreciation pricing excludes office and tenant fit-outs. These can be assessed separately where required, taking account of the expenditure, ownership and lease arrangements.
How Much Depreciation Can You Claim on a Commercial Property?
Commercial property depreciation generally falls into two categories.
Division 43 – Capital Works
Eligible building construction expenditure is generally deducted at 2.5% per year over 40 years.
Certain qualifying buildings and uses, including some manufacturing facilities, short-stay accommodation and eligible build-to-rent developments, may attract accelerated capital works deductions of 4% per year over 25 years.
Division 40 – Plant and Equipment
Eligible assets such as machinery, air-conditioning equipment and certain fixtures may be depreciated over their effective lives.
A commercial property may qualify for both types of deductions, depending on its construction history, assets and use.
For more information, visit our Commercial Tax Depreciation Schedules page.
Is a Commercial Tax Depreciation Schedule Worth the Cost?
A Tax Depreciation Schedule can identify deductions that may otherwise be overlooked, particularly where the owner doesn't have detailed records of the original construction costs or subsequent improvements.
For a standard commercial property, the cost of a professionally prepared schedule may be relatively small compared with the deductions identified over the remaining eligible depreciation period.
The fee for preparing a Tax Depreciation Schedule is also generally tax deductible, subject to the owner's circumstances and applicable tax rules.
R24 offers free Depreciation Estimates, allowing property owners to understand the potential deductions before proceeding with a full schedule.
Book a Commercial Tax Depreciation Schedule
R24 has been providing property reporting and Quantity Surveying services since 2008.
Our commercial Tax Depreciation Schedules start from $400 + GST, with a physical site inspection included in every schedule.
Know the price. Get the property inspected. Identify the deductions available.