Residential Property Depreciation Schedule

Residential Property  – House and Land, Constructed, Renovated, Short Term and Holiday Rentals (Air BnB)

A 40 year depreciation schedule, which includes: 

  • Both prime cost and diminishing value methods of depreciation

  •  Immediate Write-off Assets

  •  Low Value Pooled Assets

  • Capital Works Deductions
  • Structural Improvements
  • Furniture and furniture packages

  • Common property assets

    We offer expertise in providing property tax depreciation schedules for

    Property Investors


    Real Estate Professionals

    Why Property Returns?

    • Enjoy a quick turnaround (from 2 days) without any compromise to excellent service.

    • Consult and access our specialists throughout the life of your asset to ensure you maximise your tax benefits as you make changes to your property, whether they are added capital expenses, pre- or post-renovations.

    • Have qualified quantity surveyors look at the full history of your asset and make the correct technical calculations, whether you purchased your property today or several years ago.

    • A 100% money back guarantee on our service and reports.

    “Our ATO approved schedule will cover the lifetime of your property or business purchase.
    You will save on accounting fees and claim maximum deductions…
    giving you more cash to grow your property portfolio”

    A Tax Depreciation Schedule / Quantity Surveyors Report reduces an investor’s current year’s income on their property.
    The depreciation claimed is added back to the cost basis of the property when it is sold. Since the majority of
    Australian investors are looking for a long- term commitment when purchasing property, depreciation
    claims will maximise your property’s monthly cash flows and aid you to pay off your loan more quickly

    Property Returns and key associates of our firm are members of the following professional associations.


    “As a first-time property investor, it was great experience dealing with Property Returns who really helped me to understand how depreciation works, the benefits of obtaining a schedule and why I should not be paying over $600 for a depreciation schedule. I now know when to contact them in future for more savings, and property”

    Nick G. Brisbane
    “Being an avid property investor, our portfolio consists of both commercial and residential property. Liam’s expertise and quick turnaround made it easily effective to get several schedules for different properties located around Australia to my accountant over the year. I’ve saved thousands in tax thanks to Liam and the team at Property Returns.”
    Kath S. Sydney

    “Liam has a deep understanding of tax depreciation and I’ve enjoyed working with him to help my clients maximise their tax savings. Property Returns has looked after my clients well for many years.”

    Manu Gupta - Principle , M G Arthur & Associates

    ‘I’ve worked closely with Liam for many years. He’s great with clients and always works in their best interests. I’d happy refer my friends, clients and colleagues to Property Returns for a tax depreciation schedule.

    Peter Gordon - Founder, Investo Property

    How much property depreciation deductions can I claim?

    How much you can deduct through a tax depreciation report/schedule depends on four factors:

    1. Plant Assets, (DIV 40) the value of the plant asset items bought with the property at settlement. (plant assets are items that do not form an integral part of the building’s structure).
    2. Building Allowance, (DIV 43) the historical cost of the building structure. (what the building element cost at the date it was built)

    3. Pre-Purchase Renovations or Extensions, the historical cost of any improvements to the original structure of the property made by the previous owners.
    4. Post-Purchase Expenditure is the cost of any expenditure by the current owner after the settlement date of the property transfer.

    Frequently Asked Questions

    Tax depreciation is essentially an allowance for the decline in value of the assets within an investment property over time.

    The ATO states that if you are the owner of an investment property you are eligible to claim back two types of allowances on your property: depreciation on Plant and Equipment and depreciation on Building.

    A depreciation schedule is a comprehensive report that outlines the depreciation deductions claimable each financial year by the owners. The reports itemise all claimable assets and their remaining deductions that the investor can claim for the lifetime of the property ownership.

    Average depreciation claims on new project home builds with a purchase price of $730k range from 12-15k in depreciation deductions in the first financial year.

    New units can average around 8-12k in depreciation deductions in the first financial year.

    Older properties can  return beneficial depreciation deductions ranging from 4-6k a year depending on past renovation works.

    First, you will need to submit an online enquiry or give us a call and we will ask you a few simple questions to qualify your investment property.

    Second, you order a schedule via out webform or over the phone. We will begin to prepare your depreciation schedule.

    Thirdly, we will then deliver your personalised depreciation schedule to you and your accountant within 2-5 business days