Selling Property · Koste Knowledge Base

Should I get a depreciation schedule before selling?

Published 26 June 2026 · Last updated 26 June 2026

Quick Answer

It may be worth getting a depreciation or cost base review before selling, especially if you never claimed depreciation, renovated the property, lost records or have capital works deductions. This can help your accountant calculate CGT more accurately.

Investors usually think about depreciation when buying, not selling. But a schedule can still be useful before sale.

It may help identify:

Capital works history
Unclaimed deductions
Previous owner renovations
Excluded Division 40 assets
Scrapped assets
Cost base information
Renovation costs
Common property deductions
Records needed for accountant review

This does not mean every investor should order a full new schedule before selling. The need depends on records, property history and accountant advice.

Frequently Asked Questions

Is it too late to get a schedule before sale?

Not necessarily. It may still help with CGT records.

Will it reduce CGT?

It provides information. Your accountant determines the final tax outcome.

What if I already have a schedule?

Give it to your accountant and consider whether it needs updating.

What if I renovated?

A review may be especially useful.

Can Koste.ai help before sale?

Yes. Koste.ai can support sale-ready depreciation and cost base reviews.

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