When people invest in property, they’re looking for two things: Capital Growth and Tax Deductions.
That’s where we step in.
Residential Tax Depreciation
Tax Deductions play a key role in Negative Gearing, helping investors offset rental losses and improve cash flow. The biggest deduction most investors claim is interest, but the second biggest is Depreciation.
What is Depreciation?
When you own an investment property, the rent you earn is taxable income. Because of that, many of the costs involved in generating that income are Tax Deductible, including the building itself.
Every property contains assets that wear out over time, things like carpets, appliances, and the structure of the building. The ATO lets you claim this natural wear and tear as a tax deduction.
For most investors, that means thousands of dollars back at tax time each year, money that would otherwise be left on the table.
How It Works
1
We Inspect
We arrange an inspection of your property (or review supplied plans) to capture all the details we need.
2
We prepare your Schedule
Our Quantity Surveyors prepare an ATO-compliant 40-year Depreciation Schedule.
How Much Does a Depreciation Schedule Cost?
Standard Residential
$695 (inc GST)
$595 inc GST Special Offer
This includes:
Full site inspection of the property
Assessment for any claimable furniture
Assessment of common areas for strata Properties
ATO-compliant depreciation schedule that calculates deductions for up to 40 years
Schedule includes both the Prime Cost Method (PCM) and the Diminishing Value Method (DVM)
Free Annual Update
3
Claim your Deductions
Pass the Depreciation Schedule to your accountant and start saving at tax time.
Frequently Asked Questions
FAQs
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Yes, if your property produces rental income, the ATO allows you to claim Depreciation. Without a Schedule prepared by a Quantity Surveyor, you risk missing out on thousands in deductions.
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Yes. Both new and established properties are eligible for building depreciation (Division 43). While the 2017 tax changes affect how you claim plant and equipment (Division 40) on second-hand properties, there are still significant deductions available on older buildings.
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One schedule lasts for up to 40 years. It’s a once-off report you can use every year at tax time.
And with R24, it’s just a once-off fee for a 40 year schedule. There are no ongoing or annual renewal charges.
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In most cases, yes - especially for established properties. For new builds, plans and specifications are often enough. Either way, we’ll make sure nothing is missed.
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We deliver most Schedules within 5-7 business days once we have the information we need.
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Yes, the cost of preparing your Depreciation Schedule is itself fully tax deductible.
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Can I still claim if I’ve owned the property for a few years already?
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Your accountant will use the Depreciation Schedule to include the deductions in your tax return, but they can’t create the schedule itself.
By law, only a qualified Quantity Surveyor can estimate construction costs and prepare an ATO-compliant Depreciation Schedule.
That’s why accountants work with specialists like us: we prepare the Schedule, and they apply it at tax time.
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Some providers sell “cheap” or software-generated schedules, but these rely on self-assessment, meaning you take on the risk if the figures are ever challenged by the ATO.
By law, only a qualified professional (Quantity Surveyor) can estimate construction costs and prepare an ATO-compliant Depreciation Schedule. That’s why accountants refer their clients to specialists like us.
A professionally prepared Schedule ensures:
ATO compliance – recognised and accepted by accountants and auditors.
Accuracy – every eligible deduction is identified, maximising your claim.
Peace of mind – the liability sits with us, not you.
In most cases, the additional deductions uncovered by a QS more than outweigh the small saving of a budget provider and the Schedule lasts you up to 40 years.
Who invests in property?
It’s not just high-income professionals like surgeons.
What’s not commonly discussed is that the largest group of property investors in Australia are Teachers.
While Medical Specialists lead the way in terms of percentage of their profession, it’s Teachers, Nurses and Tradies who, in sheer numbers, invest heavily in property to grow their wealth and they use Negative Gearing and Tax Deductions to make it possible.
Why Choose R24?
Done by people, not algorithms
Every schedule is prepared by experienced Quantity Surveyors who know property inside and out.
All work in-house
We never outsource or cut corners.
Personal service
When you call, you’ll speak to someone who knows your job.
Fast turnaround
Reports delivered in just 5-7 business days.
Professional and honest
ATO-compliant, carefully quality controlled, and built to last 40 years.
