What is Tax Depreciation?

Depreciation describes the wear and tear that properties experience over time. The ATO allows this depreciation to be claimed as a tax deduction. A Thrifty Tax Depreciation schedule captures the depreciation value you are entitled to claim in a simple, easy-to-read format. In almost every case, it is a ‘no-brainer’ to purchase a depreciation schedule to lower the tax you pay and maximise your cash-flow. read more…

Why Choose Thrifty Tax?

Thrifty Tax:

  • Servicing Australia-wide
  • Registered Quantity Surveyors
  • ATO compliant schedules
  • Accountant approved
  • 1 – 3 business day turnaround
  • Cheap & affordable pricing
  • Will match any estimate or guarantee
  • Free amendments

Thrifty Tax Depreciation Schedules:

  • Easy to read
  • Maximum deductions
  • 40 years of depreciation
  • Diminishing value method of depreciation
  • Prime cost method of depreciation
  • Capital loss schedule

How the Process Works.

1. Confirm that your property qualifies for depreciation

If your property is eligible, it will be worthwhile to purchase a tax depreciation schedule. Any purchases that fail to qualify for depreciation will be refunded.

Click here to check if your property qualifies

2. Purchase a schedule using the order form below

Try and fill out as many details as possible in the form below, including renovation costs, floor plans or photos. It is okay if you cannot provide all details, should we need further information, we will contact you.

3. Allow some time for us to prepare your schedule

We will assess the property via a desktop survey using all information provided by yourself and online real estate paid database software to capture as much depreciation as possible in your report.

4. Receive your report and claim deductions

Once payment has cleared and your report has been written, we will email your report to you. This report will contain the tax depreciation schedule that allows you claim depreciation on the investment property. The report is designed with advice from accountants and is therefore easy to read. You will only need this one report for the lifetime of the investment property. The report is also future-proof as it can be amended should you carry out renovations to the property in the future.

Tax Depreciation Schedule Order Form