Arranging Your Depreciation Schedule
A tax depreciation schedule is an official report prepared by a qualified quantity surveyor. It sets out the deductions available on an investment property over its effective life – both for the building itself (capital works) and for plant and equipment assets within it.
OMR Property does not calculate depreciation, prepare schedules, or provide tax advice. What we do is help arrange a compliant schedule through an accredited quantity surveyor so you have the right documentation ready for your tax accountant.
How We Help Arrange Your Schedule
A tax depreciation schedule is an official report prepared by a qualified quantity surveyor. It sets out the deductions available on an investment property over its effective life – both for the building itself (capital works) and for plant and equipment assets within it.
How we help:
- Introduce you to a registered quantity surveyor to prepare your report
- Provide property details, floor plans, inclusion lists and settlement dates to the quantity surveyor
- Coordinate site access with your property manager if an inspection is needed
- Ensure the completed schedule is provided to you and your accountant in time for your tax return
Tax and Structuring – Through Qualified Professionals
How you hold a property – and how tax applies to it – depends on your personal circumstances. Tax rules, negative gearing, capital gains tax and ownership structures are matters for licensed professionals.
We don't provide tax or legal advice, and we don't recommend specific structures. Where you need advice on how to structure a purchase or manage the tax side of your portfolio, we will refer you to qualified professionals who can advise you directly.
Who we can connect you with:
- Registered Tax Agents & Accountants – For advice on negative gearing, deductibility of holding costs, capital gains tax and preparing your tax return
- Solicitors & Estate Planning Lawyers – For establishing discretionary trusts, unit trusts, company structures or joint ownership agreements, and for estate planning advice
- SMSF Specialists – For advice on purchasing property within a self-managed super fund, compliance requirements and limited recourse borrowing arrangements
