All Topics / General Property / Depreciation Schedule

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  • Profile photo of ffc1883_1996ffc1883_1996
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    @ffc1883_1996
    Join Date: 2007
    Post Count: 24

    I often read of people using a "depreciation schedule" to improve the cash flow of their property investments. My limited understanding of this strategy is to pay a quantity surveyor to visit your property and produce the schedule for your accountant. Have I got the process right?

    Can this approach be applied to older investment properties where only very minor improvements have been made in recent years?

    Profile photo of depreciatordepreciator
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    @depreciator
    Join Date: 2003
    Post Count: 541

    Yep.
    And yes many older properties yield decent depreciation.
    A good QS company will find out enough about your property, though, to make sure the effort and cost of getting a Schedule is worthwhile. That's what we do, anyway.
    Scott

    Profile photo of Tysonboss1Tysonboss1
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    @tysonboss1
    Join Date: 2007
    Post Count: 306

    Always get a schedule done, They normally write the depreation over 40years,

    "Deppro" actually have a policy that if the depreation schudule doesn't return enough money to cover the cost  you out lay for them to write it up for you they don't charge you,

    Profile photo of devo76devo76
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    @devo76
    Join Date: 2007
    Post Count: 542

    My IP was built in the 60,s but had a major reno. a quantity surveyor valued the reno at $115,000 for capital works and $15 grand for depretiable things like shutters etc. Well worth doing

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