services
- Sales / Project Marketing
An effective method of increasing sales during the project marketing phase of any project is to highlight to the potential investor the likely depreciation to be gained from the property. ATDS works closely with multiple agencies Australia Wide and we are more than happy to provide indicative estimate of Depreciable Allowances for your next unit / townhouse / villa / or single dwelling listing. Furthermore, there is no fee associated with the preparation of an Indicative Estimate.
- Property Managers Accountants & Tax Agents Solicitors, Conveyancers & Mortgage Brokers
A valuable service available to landlords is our auditing service. This involves our firm reviewing properties on your rent roll (property managers) and advising your clients of the potential depreciable allowances available to them. We have found that most landlords are unaware of the potential tax credits available to them and hence an audit of their property can provide nice cash windfall in their next tax return. Clients may be unaware of the hidden thousands within their investment properties and as an accountant or tax agent you may be able to save them potentially thousands in income tax. Its just a matter of having a single page form completed and we do the rest! Once more, our fee is fully tax deductible. A depreciation schedule for an investment property is just as vital as a pest inspection or building survey. Generally we find that most proactive solicitors engage us at the time of contract exchange and hence have the schedule completed prior to settlement allowing their clients to take full advantage of any tax credits from the first day of ownership. Another service we offer is obligation free advice prior to the purchase of a property. We offer a twenty four hour / seven day a week enquiry help line and can answer any questions that you or your clients may have regarding the likely depreciation to be derived from a potential purchase. There is no cost associated with this service. We will only charge your clients should they wish to proceed.
- Indicative Estimate of Depreciable Allowances
Below is our assessment of the minimum and maximum depreciable allowances claimable, using the Diminishing Value Method of Depreciation. The following is based on a purchase price of $354,000 for a typical two bedroom unit and includes a land assessment of $88,695.
Minimum Amount Claimable | |||
Financial Year | Plant & Equipment Division 40 | Building Allowance | Total |
Year 1 | $3,864 | $3,414 | $7,278 |
Year 2 | $3,271 | $3,414 | $6,685 |
Year 3 | $2,397 | $3,414 | $5,811 |
Year 4 | $1,803 | $3,414 | $5,217 |
Year 5 | $1,392 | $3,414 | $4,806 |
Year 6 | $1,101 | $3,414 | $4,515 |
Year 7 | $890 | $3,414 | $4,304 |
Year 8 | $733 | $3,414 | $4,147 |
Year 9 | $614 | $3,414 | $4,028 |
Year 10 | $520 | $3,414 | $3,934 |
Year 11+ | $406 | $102,408 | $102,814 |
Total | $16,991 | $136,548 | $153,539 |
Maximum Amount Claimable | |||
Financial Year | Plant & Equipment Division 40 | Building Allowance | Total |
Year 1 | $4,328 | $3,824 | $8,151 |
Year 2 | $3,664 | $3,824 | $7,487 |
Year 3 | $2,685 | $3,824 | $6,508 |
Year 4 | $2,019 | $3,824 | $5,843 |
Year 5 | $1,559 | $3,824 | $5,383 |
Year 6 | $1,233 | $3,824 | $5,057 |
Year 7 | $997 | $3,824 | $4,820 |
Year 8 | $821 | $3,824 | $4,645 |
Year 9 | $688 | $3,824 | $4,511 |
Year 10 | $582 | $3,824 | $4,406 |
Year 11+ | $455 | $114,697 | $115,152 |
Total | $19,030 | $152,934 | $171,964 |

