[depreciatorMember@depreciatorJoin Date: 2003Post Count: 541]

March 25, 2004 - 12:38 am

The chaepest price isn’t necessarily the best. The key is finding someone who specialises in depreciation because they will know the rules – and as you know the rules are changing. Remember, if you commission a Tax Depreciation Schedule, pay for it, use it to calculate your tax, the responsibility for its accuracy lies with you i.e. if the ATO audits you and the schedule is wrong, the ATO will hold you responsible.

[depreciatorMember@depreciatorJoin Date: 2003Post Count: 541]

March 25, 2004 - 12:30 am

There are many points raised in this thread. prices for Quantity Surveyors vary depending on where the property is. There’s a company I’ve used called Depreciator. They’ve done schedules for me all over the place. They only use Quantity Surveyors for inspections – some other companies don’t. And they have a money back guarantee.

[depreciatorMember@depreciatorJoin Date: 2003Post Count: 541]

March 25, 2004 - 12:18 am

The mooted 15% drop in depreciation won’t affect many properties. Hardest hit will be recently built apartments. Interestingly, with houses, especially older ones, depreciation claims will rise. I have a company that specialises in property depreciation – it’s all we do. I’d mention the name of the company but I’d say that would contravene the forum rules. What the changes do mean is that there are now some definitive guidelines for depreciation. That makes it easier for the ATO to audit schedules. Be sure you only use a Quantity Surveyor who knows the current and new rules inside out – most don’t. Some depreciation schedule providers don’t even use Quantity Surveyors!