Many investors remain unsure about whether it is worthwhile obtaining a quantity surveyor’s tax depreciation report for a rental investment property particularly if it was built before 1987.
When a Quantity Surveyor completes an investor’s capital allowance and tax depreciation schedule, two main elements are generally included; being capital works deductions and plant and equipment depreciation. In order to produce these reports, amongst other qualifications, the quantity surveyor must be a registered tax agent, as the information contained in the report is specific tax advice.
