Property Tax Depreciation Benefits
Property Tax Depreciation Benefits
To help our Brisbane property investor clients boost their tax benefits and overall investment strategies we prepare property Tax Depreciation Schedules.
Depreciation is a reduction in the value of an asset over time due to wear and tear. At tax time you can claim this wear and tear on assets purchased for income-producing purposes as a deduction on your Brisbane property.
Claiming depreciation allowances on your tax return helps you to maximise the return on your investment property and produce a healthier cash flow. It’s an invaluable component of a smart Brisbane property investor’s strategy. As a leading Brisbane buyers agent it’s a service we are proud to offer our clients.
How Is a Depreciation Schedule Prepared?
At Brisbane Buyer’s Agency we prepare a Tax Depreciation Schedule by doing a detailed site inspection, taking photographs and inspecting, measuring and quantifying buildings and plant. We prepare your Depreciation Schedule which sets out:
- the depreciation allowances you, as an investor, can claim on their property. This includes Prime Cost and Diminishing Value calculations so that you can select the optimum claim
- Division 43 Construction Allowance and Structural Improvement Allowance, which includes building fees, architectural and other professional fees, associated with the cost of construction
- Tax Depreciation Claim Summary that neatly summarises all the necessary information. It also includes adjustments for part-year claims, so that your accountant spends less time preparing your return.
You then give your Tax Depreciation Schedule to your accountant to prepare your tax return.
To ensure you can reap the most rewards we keep up to date with the continually changing legislation related to construction and depreciation claims. Our Tax Depreciation Schedules are prepared in accordance with the current legislation.
Our experience
Prior to establishing Brisbane Buyers’ Agency Paul Palella founded quantity surveying firm Property Wealth Australia. At Property Wealth Paul helped thousands of property investors maximise the return on their property investment through the provision of Tax Depreciation Schedules.
You then give your Tax Depreciation Schedule to your accountant to prepare your tax return.
Choose the Schedule that Suits Your Brisbane Property
We offer a range of Tax Depreciation Schedules to accommodate the different types of investment properties available.
Streamline Plus
The Streamline plus report is a Tax Depreciation Schedule for property investors with houses and units (residential and commercial). This schedule includes built-in items such as cooktop, oven, rangehood, hot water system, carpets etc. It excludes loose furniture items.
The report includes depreciation allowances and detailed photos of the buildings and internal plant included. In case of an audit by the ATO, detailed photographic records of your built-in fixtures and fittings will play an important role to streamline the audit process, saving your tax agent time and consequently you money. The Schedule includes built-in items such as cooktop, oven, rangehood, hot water system, carpets etc. It excludes loose furniture.
Loose Furniture, Fittings & Contents
This Tax Depreciation Schedule itemises all loose furniture and fittings in a house or unit. We include depreciation allowances and detailed photographic records of your fixtures and fitting.
Plant & Machinery – commercial buildings
This tax depreciation schedule itemises all loose plant and machinery. We include depreciation allowances and detailed photographic records of your plant.
Commercial, Industrial, Retail – Non-strata titled
This tax depreciation schedule itemises all items of plant, machinery and construction allowance for NON strata titled buildings. We include depreciation allowances and detailed photographic records.
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Frequently Asked Questions
Curious about how we help Brisbane buyers? Find quick answers to common questions about our process, services, and how we work to protect your interests.
What does a buyers’ agent do?
A buyers’ agent works exclusively for you—the buyer—not the seller. At Brisbane Buyers Agency, Paul handles property research, on‑ground scouting, off‑market access, valuation, negotiation, and contract support. He also offers post-settlement support, including renovation advice and depreciation schedules. We provide transparency and expert support throughout every stage using his Smart Buyers Service Path.
How do you find good investment opportunities?
Paul uses proprietary tools like the Smart Buyers Index that analyse rental yields, vacancy trends, price growth, and micro-suburb performance across Brisbane. With this insight, he identifies high-performing areas and “hidden gem” opportunities others might overlook.
Can you help interstate or overseas buyers?
Yes—whether you live interstate or overseas, Paul becomes your eyes and ears in Brisbane. He delivers regular updates via phone, email, or Skype and ensures you never miss a valuable opportunity—even from afar. Constant communication and full representation, regardless of your location.
Is your fee transparent and tax-deductible?
Yes. Brisbane Buyers Agency works on a fixed flat-fee basis, never taking commission from agents. For investors, those fees are tax-deductible.
What Paul does: Provides clear, predictable pricing—no surprises. Maximises investor return through tax efficiency.
What happens after the property settlement?
Paul offers post-settlement support, including renovation and refurbishment planning, access to trusted tradespeople, and detailed depreciation schedules tailored for investors. He’ll walk you through your next steps—whether it’s renovation, leasing or resale. Brisbane Buyers Agent will hold hands and guide you beyond the sale to ensure you’re positioned well for future growth and returns.
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Let’s be realistic: there isn’t enough time in the day to make millions on your own. To achieve success, you need the right people on your side. The most successful property investors in the world will tell you this.