{"id":9108,"date":"2016-08-19T11:13:55","date_gmt":"2016-08-19T01:13:55","guid":{"rendered":"http:\/\/www.realestatetalk.com.au\/?p=9108"},"modified":"2016-08-19T11:13:55","modified_gmt":"2016-08-19T01:13:55","slug":"depreciation-methods-that-mean-more-for-you","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/depreciation-methods-that-mean-more-for-you\/","title":{"rendered":"Depreciation methods that mean more for you"},"content":{"rendered":"

<\/h3>\n

Learn how the experts maximise deductions<\/h3>\n

Many investors ask the question, \u2018Why can\u2019t I just do it myself or ask my Accountant to claim depreciation deductions on my investment property?\u2019
\nThe answer is simple. Quantity Surveyors who specialise in depreciation have the recognised qualifications, skills and specialist knowledge to help property investors maximise their deductions.
\nThe Australian Taxation Office recognise Quantity Surveyors under tax ruling TR\/97 with the appropriate knowledge to estimate construction costs for depreciation purposes. However, not all Quantity Surveyors are created equally. A tax depreciation quantity surveying firm, will use their skills to accurately calculate depreciation deductions for investment property owners. This helps to ensure owners can claim maximum returns for the lifetime of ownership. <\/b><\/p>\n

How do Quantity Surveyors do this?<\/h3>\n

To demonstrate how the methods a specialist Quantity Surveyor uses can make a difference to an overall depreciation claim, let\u2019s look at immediate write-off and low-value pooling. These are two methods which assist in accelerating deductions for some plant and equipment items found in a typical residential property.<\/p>\n

Immediate write-off<\/h3>\n

An immediate write-off can be applied to any plant and equipment asset which costs $300 or less within the first year of ownership, regardless of how many days the property is owned in that year.
\nThis means the owner can claim the total value of the individual asset within the first financial year, instead of claiming depreciation over the effective life of the asset.<\/p>\n

Low-value pooling<\/h3>\n

This method allows plant and equipment assets to be depreciated at an increased rate, allowing owners to take advantage of deductions sooner.
\nThere are two categories of assets which can be added to a low-value pool:<\/p>\n