Free Tax Depreciation Calculator
Although Koste guarantees twice our fee in deductions the first full tax year in Australia, we would still recommend getting a free estimate. The legislation changes in May 2017 affected all secondhand property purchases. The main structure of the house which accounts for 90% of depreciation deductions was left unaffaected, however claiming plant & equipment was changed to a deferred tax benefit when you sell the property. The online House Depreciation Calculator with instant figures do not work. If you can wait 24 hours for a Qualified Quantity Surveyor to review your property and look at all benefits then simply complete the following House Depreciation Calculator Form.
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What Makes Koste?
Our Quantity Surveyors have a wide range of industry experience both in the commercial and residential sectors.
As Koste grows we look to employ the very best specialist Quantity Surveyors who have the necessary skill set to provide clients with a quality product. We look to invest in our people through ongoing training and self promotion. When you have a happy team of people your client will benefit from exceptional customer service and results.
Koste are innovators and leaders in the industry, always looking to improve not only industry standards and technologies but also and client awareness of cost saving opportunities.
Our team have developed the latest integrated Tax Depreciation Management tool which will puts our clients in the driving seat. Through CODE asset reporting, clients are able to manage depreciation schedules as a live document with ease.
Our aim to provide our clients with a product whilst offering innovation and value for money.
Achieving the success of this, will ensure our clients continue to work with Koste and that long term business relationships will be developed with our team for many years to come.
Our Commercial Services
An initial deprecation schedule should be completed upon construction or acquisition of any property. It enables owners to maintain tax deprecation schedules, maximising your tax returns. As Quantity Surveyors, we identify and estimate all eligible depreciating assets. Including capital works, maintenance and depreciation reports. Our AIQS and RICS qualified Quantity Surveyors conduct all the assessments also documenting and providing photographic evidence to comply with ATO substantiation requirements.
Our detailed asset registers are compiled through a comprehensive survey carried out by our Quantity Surveyors. A detailed asset register will provide you with a full list of assets, which in turn will assist with compliance, audits , sinking funds, asset planning and ongoing tax deprecation.
Often over looked is the deductions you may be entitled to upon demolition of an asset. Whether it is capital works or a depreciating asset, the un-deducted value (written down value) of the asset can be claimed in the year of demolition.
Upon lease expiry the capital works component of the tenants fit out reverts to the landlord if the fit out is not demolished. Our assessment identifies the eligible capital works component.