Splitting Tax Depreciation Schedules based on individual owner’s share

Redline Quantity Surveyors are pleased to announce the introduction of split Tax Depreciation Schedules as a standard inclusion where there is more than one owner.

The introduction makes Redline Quantity Surveyors the market leader in Tax Depreciation Schedules! Nowhere else can you have your Tax Depreciation Schedule prepared by a Certified Quantity Surveyor (CQS)*, as recognised by the Australian Institute of Quantity Surveyors (AIQS), AND have that Schedule split according to each property owner’s percentage share.

By splitting Tax Depreciation Schedules based on each owner’s individual share we are able to take MAXIMUM advantage of the immediate write-off and low-value pooling of Division 40 assets. As a result, our clients benefit from getting their Division 40 depreciation deductions FASTER!

For example, we recently prepared a Tax Depreciation Schedule for a couple who purchased a new townhouse with a 90%/10% ownership split. Without splitting the couple would have claimed a combined total of $3,628 in Division 40 depreciation deductions in the first year, however, after splitting the couple were able to claim an EXTRA $1,359 in combined Division 40 depreciation deductions.

*”A Certified Quantity Surveyor (CQS) represents the highest level of expertise within the (Quantity Surveying) profession, providing exemplary service and advice to clients” (source: www.aiqs.com.au).