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Depreciation of Real Estate in Australia

The Australian Taxation Office (ATO) publishes various guides each year to depreciation of property.

This includes:

• A Guide To Depreciating Assets. e.g. see  Guide to depreciating assets 2009
• Rental Properties. e.g Rental properties 2009
• Other information can be found at http://www.ato.gov.au

There are various companies in Australia that specialise in the assessment of depreciable items and provision of depreciation schedules. This includes and is not limited to:

1. Deppro Asia Pacific Depreciation Professionals http://www.deppro.com/
2. Ausdep. http://www.ausdep.com.au/
3. Australian Tax Depreciation Services http://www.austtaxonline.com.au/
4. BDSA Quantity Surveyors Australian Wide http://www.bdsaqs.com.au/
5. Washington Brown http://www.washingtonbrown.com.au/property-depreciation-services
6. Others

OR get your licensed building inspection company to conduct the pre purchase building inspection, other investigations and conduct a depreciation schedule at the same time.  See:

1. Houspect Building Inspections Depreciation Report.

Consult with your taxation specialist or Accountant regarding these matters and other general tax matters.  See our disclaimer