Mitchell Brandtman’s tax depreciation services assists investors in optimising the financial return from their investment properties. Drawing on their collective experience in construction, their dedicated asset services team offers a unique and tailored perspective to investors.

By keeping up-to-date with all ATO associated ruling, determinations and cases, Mitchell Brandtman are able to help investors receive the maximum benefits from their properties.

Tax depreciation allowances are available to owners of properties that produce an assessable income. Owners may be eligible to claim for items such as carpets, air conditioners, kitchen appliances, etc [known as plant and equipment]. The depreciation rates are dependant on the acquisition date and vary according to the item. Owners may also be eligible for capital allowance, depending on the date of construction and may claim between 2.5% and 4.0% per annum, calculated on the buildings original construction cost.

Additional deductions may be made on an investment property if refurbishments and alterations were made after February 1992. Our team specialise not only paying attention to these standard entitlements but also ‘other’ entitlements such as repairs and maintenance, temporary work, demolition [writing off written down values], manufacturing operations and short term traveller accommodation.

Tax depreciation Brisbane reports are an important consideration for any property investor in terms of reducing assessable income. The depreciation amount a property investor is entitled to claim makes a significant contribution to the deductions that can be offset against their personal income tax assessment.