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Owning Property · Koste Knowledge Base

Do I Need a Tax Depreciation Schedule for My Property?

Quick Answer

A tax depreciation schedule is crucial for maximising deductions on your investment property. It details eligible depreciation under Division 40 and Division 43 of the ITAA 1997, significantly reducing taxable income. Without it, you risk missing out on substantial tax savings.

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