Kue-S-Services Pty Ltd
WHAT IS A TAX DEPRECIATION SCHEDULE?
A Tax Depreciation Schedule is a detailed report that defines the costs and asset value of a property. The information enables the investors to fully aware of their long-term assets and sees how they will depreciate over time.
A tax depreciation schedule includes a description of the asset, the date of purchase, how much it costs, how long an investor estimates to use the asset (life), and the asset's value when the property owner decides to replace it (salvage value).
It is a tax deduction that a property investor can claim annually over a certain period, and are prepared in schedule form using the appropriate taxation depreciation and capital allowance rates.
In other words, it is a report that assists the accountants in how much depreciation an investor can claim on the investment property.
KUE-S-SERVICES PTY. LTD. is qualified and registered with the Tax Practitioner Board (Registration No. 53768008).
We provide two alternative schedules.:
1. Prime cost method - calculates allowable deductions
2. Declining or Diminishing value method
The deductions for Capital Works are detailed in a separate schedule.
Information is dissected into the relevant distinct categories, being Capital Works and Depreciable Plant and Equipment.
If you would like us to prepare a report for you, please complete the following form and submit to our office.