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Buying Property · Koste Knowledge Base

Do I Need a Depreciation Report Before Settlement?

Quick Answer

Obtaining a depreciation report before settlement is not mandatory but highly beneficial for investors. It allows you to plan for tax deductions early and identify potential savings. Division 40 and Division 43 deductions can significantly impact your cash flow, especially if you're purchasing a property built or renovated after 1987.

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Written by Koste Team · Koste Chartered Quantity Surveyors · AIQS Member · RICS Member · TPB Registered · 1300 669 400 · info@koste.ai