Commercial Property Depreciation

By
Expert Advice with Tyron Hyde - 16/11/2016
 
Property depreciation is the loss in value of an asset (building) over time due to wear and tear, physical deterioration and age.
 
Under Australian tax law, if you own commercial real estate or commercial property that is rented or used for income-producing purposes you are entitled to claim the depreciation of that property against your taxable income.
 
There are two types of depreciation allowances available: depreciation on Plant and Equipment, and depreciation on Capital Allowances.
 
 In order to maximise the tax savings on your investment property you’ll need a professionally prepared Tax Depreciation Report or Tax Depreciation Schedule.
 
Washington Brown Quantity Surveyors are experts in property tax depreciation for investment properties. We have a specialist commercial property depreciation team, solely dedicated to servicing the needs of commercial property investors.
 
Our commercial depreciation team have experience in a wide range of commercial property including: Offices, Retail, Industrial & Hospitality.
 
Washington Brown provides professional depreciation advice and reports for buyers, owners and sellers of commercial property. Our commercial property clients range from individual investors, institutional investors, superfunds and private companies.


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Tyron Hyde is the CEO of Washington Brown and is considered one of Australia’s leading experts in property tax depreciation. He is also a registered tax agent.  Washington Brown manages construction costs worth over $2 billion and completes 10,000 schedules annually. For a depreciation schedule quote CLICK HERE and follow the 3 simple steps or estimate your depreciation cost. 
The Washington Brown Free Depreciation Calculator will give you an estimate of the depreciation deductions you could claim on your investment property
 

Read more Expert Advice articles by Tyron
Disclaimer: while due care is taken, the viewpoints expressed by contributors do not necessarily reflect the opinions of Your Investment Property.

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