“We certify that JR Quantity Surveyors are appropriately qualified under the Australian Tax Office rulings to undertake an assessment of building costs to be used in the preparation of property tax depreciation schedules. The Principal and its associates are Associate Member of the Australian Institute of Quantity Surveyors (MAIQS)”
JR Quantity Surveyors (JR-QS) is a specialist in the field of property tax depreciation. The Principal has more than 21 years working experience in the building and construction industry, with expertise in residential & luxury houses, low and high-rise strata units, industrial building as well as commercial and retail buildings.
Property tax depreciation matters are complex in nature with the ATO constantly changing and updating their interpretations and tax rulings on depreciation. JR-QS would recommend property investors to engage appropriately qualified and experienced quantity surveyors to prepare their property tax depreciation schedules to avoid the risk of non compliance.
JR-QS constantly monitors the directives issued by the ATO with regards to property tax depreciation matters to ensure compliance and maximisation of tax deduction available to our clients.
To date, ATO has listed more than 1000 depreciable items, including rulings of which items in a rental property can be claimed as depreciating assets.
Our services to Builders, Developers and Real Estate Marketing Agent
JR-QS provides tax depreciation consulting services to developers and real estates marketing agents for their marketing and sale purposes.
JR-QS can assist in preparing initial indicative tax depreciation estimates that outlines the potential tax depreciation benefits available from a given residential, commercial, retail or industrial property.
Developers & real estates marketing agents can use these indicative tax depreciation estimates to inform potential investors of the available deductions in a particular development.
JR-QS believe these estimates would provide the vendor agents with extra marketing advantages.
Our services to Property Owner or Investor
JR-QS undertakes to carry out a thorough on site inspection to ensure maximum possible deduction while still being ATO compliant, and at a very competitive fee. Our services include:
- Liase with your accountants regarding your tax depreciation matters
- Site inspection, measure and photograph (where required) property for tax audit purpose by an experience and qualified quantity surveyors
- Examine relevant strata plans or architectural plans
- Council and regulatory authority searches (exclude searches fees)
- A detail report with complete breakdown of up to 10 years to suit your tax requirement
- A typical full report up to 40 years deductions in both prime and diminishing method (including low value pooling)
- Capital Works (Div 43) allowance
To date, JR-QS has prepared numerous property tax depreciation reports on a wide variety of properties including but not limiting to:
- Free standing residential houses including luxury houses
- Semi detached and townhouses
- Low rise apartment s
- High rise apartments
- Prestige or high standard apartments
- Commercial, office and retail buildings
- Industrial and warehouse buildings
Tax Depreciation Online Application Form
Note - This is for online application. It is not mandatory for all fields to be complete before sending through except for Name, Email, Tel, Property Address