Depreciation Schedules – all you need to know

tax depreciation schedule is a professional report prepared by a qualified Quantity Surveyor which shows the amount of depreciation able to be claimed in your investment property over the life of the building. Tax Depreciation schedules should last 40 years and include both the diminishing value method (which includes 100% deductions and pooling) and the prime cost method.

The report will identify each year, from the date of purchase, the total tax depreciation claims available to the property investor.

It is important that the report is undertaken by a qualified Quantity Surveyor and recognised Tax Depreciation Expert. MCG are industry leaders in the preparation of tax depreciation schedules and are members of the Australian Institute of Quantity Surveyor (AIQS), the Royal Institute of Chartered Surveyors (RICS) and registered tax agents.

A Quantity Surveyor should be able to answer all your detailed questions and will ensure that no items are missed, the maximum claim is made and that the report complies with the ever-changing rules prescribed by the Australian Taxation Office (ATO).

We service Sydney, Newcastle, Melbourne, Brisbane, Canberra, Adelaide & Regional Australia.

Talk to one of our tax depreciation experts today on 1300 795 170 for a free quote and depreciation estimate or contact Mitch Ford on 0419 135 568 to claim your reduced fee of $550 + GST as a client of Insight Wealth Management.

Mike Mortlock
Mike Mortlock is a Quantity Surveyor and Managing Director of MCG Quantity Surveyors. MCG Specialise in Tax Depreciation Schedules and Construction Cost Estimating for investors. You can visit them at