qs reports tax depreciation: quantity surveyor
QS Reports | Tax Depreciation | Quantity Surveyors
Asset Economics (AE) Australia's premier QS Reports, Tax Depreciation and Quantity Surveying firms’ main focus is to ensure that property investors obtain every last cent of depreciation allowance they are legally entitled to. This will significantly enhance their after tax return and generate a healthier cash flow on their investment property.
We have prepared a list of frequently asked qs report, depreciation and tax questions for you.
Asset Economics expertise in QS Reports, Tax Depreciation and Cost Management services is unrivalled and they have developed a nationwide reputation for integrity and quality that ultimately secures the best possible outcomes for their clients.
A QS Report, Tax Depreciation Schedule prepared by Asset Economics is one of the best investments a property investor can make. Claiming 100% of the allowable deductions can save property investors thousands of dollars every year.
Asset Economics provides Qs reports, tax depreciation reports in Melbourne, Sydney, Brisbane, Gold and Sunshine Coast.
Asset Economics offers a plethora of cost management and QS reports, tax depreciation services including but not limited to cost planning, feasibility studies, body corporate services such as sinking fund forecasts and insurance valuations as well as financial services such as progress claims and risk management reports.
Asset economics provides what is known as a concept to completion services always with a major cost focus at every stage of the development processes. This means that they are the first consultants to be engaged to undertake a feasibility study on a particular development site this would include the financial aspects and town planning opportunities and constraints.
If the reports suggest that there is a development opportunity then Asset Economics will start on the planning application and work with the design team including their in house building surveyors to design a cost effective building that also meet market requirements. Through a series of cost planning exercises at each stage of the design costs can be controlled and realised before construction begins.
Once the development has been approved and the design and the costs are in line with the developer’s budget Asset Economics can issue Building Approval.
During the construction process Asset Economics can now form part of the project management team by being part of the tender process and selection of preferred subcontractors, assessing progress claims and variations, as well as keeping an eye on the construction budget at all times.
Once the building is completed Asset Economics building surveyors can issue an occupancy statement and constriction budgets can be finalised and reported to all necessary parties.
Now the building is complete the body corporate can be set up and that Asset Economics can be engaged to undertake a series of reports that include dilapidation reports, sinking fund forecast, insurance valuations, fire safety and work place healthy and safety reports.
The building can now be registered with department of natural resources and receive title that means investors can now purchase part of the development and this is where Tax depreciation comes back into play.
Tax depreciation has become a need of property owners, sellers and developers in the Australian property market where prices are forever increasing. Most people fail to realise the fact that even with the increase in property prices, the value of property still decreases based on how much the property has depreciated since it was built. This is the area where the need of a QS reports, tax depreciation firm is required. Customers go to Asset Economics to find out how much the property has depreciated and what measures should be taken in order to make it more financially beneficial.
Clients can obtain a free quote for a QS reports, tax depreciation schedule by getting in touch with the company. To find out more about depreciation please click on the 'Tax Depreciation' button below.
Scores of property investors are sitting on a relative gold mine that they know nothing about and are missing out on thousands of dollars of extra income each year. Read the whole article.
Statistics from the Australian Taxation Office (ATO) suggest that only 30 per cent of property investors claim depreciation for the available capital works deductions, and 19 per cent claim the depreciation of plant and equipment assets.
Regarding share investments, investors would need to study net present value (NPV) or earnings before interest, taxes, depreciation and amortisation. Property seems simpler. Saving money on tax depreciation is simple.