Residential
Investment property depreciation
Residential Property Depreciation can help with your cash flow. Claiming depreciation for the assets can decrease your (investor) taxable income. APQS will provide investors with depreciation reports in which will aid you to have the maximum amount of tax deductions.
Houses
Townhouses
Units
Apartments
Case Study
Houses
Case study :
- In 2020 John paid $580,000 for a 15yr old house in Gosford.
- His house was rented for $350 per week or $18,200 per year.
- John's property expenses totalled $22,090 for the year, which included interest, rates, management fees, and maintenance.
- APQS turned John's negative cash flow situation into a positive one by claiming depreciation, saving him $2,590 in the first year of ownership.
- John was paying out $47 per week before depreciation, and now after APQS, he was able to turn his loss into a $3 weekly income by taking advantage of tax regulations and submitting a depreciation claim of $7,000.
- In the first year, APQS saved John $2,590 in total and $10,500 in the first five financial years.
*Case studies and figures are based upon tax depreciation schedules completed by APQS and do not represent any particular investment property scenario. The information provided is a general guide and does not represent financial, legal or taxation advice.
Total Annual Income
$18,200
Annual expenses
$22,090
Depreciation Claim
$7,000
Save In Total (first year)
$2,590
Total Annual Income
$40,040
Total Property's Expenses
$48,500
Depreciation Claim
$18,000
Save In Total (first year)
$6,600
Units
Case study :
- Annie paid $950,000 for a two-bedroom apartment a year ago.
- The property was rented for $770 per week, generating a total annual income of $40,040.
- The property's expenses totalled $48,500, which included interest, rates, and management costs.
- Annie discovered she could claim $18,000 in depreciation deductions in the first year after calling APQS.
- She would lose $102 a week for the first year of ownership of the property if she didn't claim depreciation, and instead was able to turn her cash flow situation around and cut her deficit to only $26 per week by just claiming depreciation.
- In the first year alone, APQS was able to save Annie $6,600 and $26,500 in the first five financial years.
*Case studies and figures are based upon tax depreciation schedules completed by APQS and do not represent any particular investment property scenario. The information provided is a general guide and does not represent financial, legal or taxation advice.
Property Inspections
APQS needs to undertake a physical site inspection to measure, photograph, and appraise the assets placed for depreciation reasons to compile a thorough tax depreciation schedule. This allows us to maximise our tax deductions while remaining in complete compliance with the Australian Taxation Office. APQS takes measures of rooms, notes of assets installation dates, and photographs of the building, fixtures and fittings such as stoves, air conditioners and hot water systems during the site inspection process.
Save time
It is quick and precise to complete, consuming less than 30-45 minutes.
Records all assets
All assets are recorded, counted, measured, and photographed as well as them being all depreciable assets.
Ensures ATO compliance
During our property inspection, we ensure that the ATO is followed.
How It Works
1. Get a Quote
Request for a quote from the APQS team, send us the property details at info@apqs.com.au
2. Online Order Form
Please fill out an Online Order Form via the APQS website
Once the property inspection is done, we'll come back to the office to prepare the report.
4. Claim deductions
Your schedule will be available within 7 days of all information being gathered. APQS can even forward your schedule to your accountant directly, saving you time.
5. Done!
Project ends on time, and when you're fully satisfied.
CONTACT
Tel: 02 9037 4178
Mobile: 0424 167 180
Email: info@apqs.com.au
Mail: PO Box 1268 Chatswood NSW 2057
Industry Qualification
