A tax depreciation schedule is an ATO-compliant report prepared by a Quantity Surveyor that itemises every depreciable asset in your investment property and calculates the year-by-year tax deductions available under Division 40 (plant and equipment) and Division 43 (capital works) over 40 years. MCG prepares residential and commercial schedules from $650, with a 5 to 7 day turnaround Australia-wide.
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Tax depreciation is a non-cash deduction that allows property investors to claim the decline in value of their building and the assets within it. It reduces your taxable income without requiring you to spend any additional money.
Any taxpayer who owns an income-producing property can claim tax depreciation. This includes residential rental properties, commercial properties, and industrial buildings.
Yes. While newer properties typically have higher deductions, older properties can still provide significant claims, especially if they've been renovated or contain newer fixtures and fittings.
A depreciation schedule is valid for the effective life of the assets and the property. For most investors, this means you only need one schedule per property, which you'll use for 40+ years.
We'll need basic property details including the address, purchase date, purchase price, and settlement date. Access to the property for inspection is also required.
The cost of a depreciation schedule is tax-deductible and typically pays for itself many times over in the first year alone. Contact us for a quote based on your specific property.
Join thousands of Australian property investors who have increased their cash flow with an MCG tax depreciation schedule.