Investment Property: Tax Deductible Depreciation Schedule
Get the best possible result with an investment property depreciation schedule in Melbourne.
If you’re a Landlord, it is critical you have a thorough survey of your investment property carried out to maximise all the Plant items and Capital Woks allowances. We provide ATO compliant documents to ensure you receive the maximum allowable depreciation for your investment properties. This is a one off fully tax deductible fee. You will receive two types of schedules, Prime Cost and Diminishing which are for the lifetime of the building “40 years”.
PRACTICAL COMPLETION INSPECTIONS
The inspection is carried out approximately two weeks prior to handover so defects can be repaired and your home is completely finished at handover. The inspection is a thorough room by room inspection that will identify defective workmanship, incomplete items, items that do not comply with the Standards and Tolerances Guide 2015 and items that differ from your specification. Each defect is marked on site with a sticker, recorded with a photo and a narrative is added. This ensures the defect will be repaired and the sticker not simply removed.
It will save you time and worry if you appoint Correct Inspect to carry out a Handover Report. This reports will check to see if that all items listed in Practical Completion Inspections either carried out by Correct Inspect or by you have been completed.
STAGED BUILDING INSPECTIONS
These inspections ensure your property is being constructed according to your plans and specifications, and the quality of workmanship complies to the Standards and Tolerances Guide 2015.
client information sheets
The reports include:
FRAME STAGE REPORT
We inspect at Frame Stage to ensure walls are plumb, windows are level and floors are straight. The quality of your building depends on professional standards being maintained at this early stage of construction.
We Inspect once lock up is complete and before the plaster is installed, to ensure correct installation of insulation, bath and shower installation, cavity sliders, external claddings, doors and windows, flashings, eaves and roof covers.
This report ensures that all items listed for rectification in your Practical Completion Inspection have been completed and identifies any other defects that may have been created during the last weeks of finishing. If a Practical Completion Inspection has not been carried out then we will carry out a thorough room by room inspection that will identify defective workmanship, incomplete items, items that do not comply with the Standards and Tolerances Guide 2015 and items that differ from your specification. Each defect is marked on site with a sticker, recorded with a photo and a narrative is added in the report. This ensures the defect will be repaired and the sticker not simply removed.
OWNER BUILDING REPORTS (Section 137b reports)
If you’re an Owner Builder, you must provide an Owner Builder Report and provide a warranty policy (in most cases) prior to selling your property within the prescribed period. We provide a complete professional service that ensures you are compliant with the requirements of the Building Act 1993.