Investment Property Tax Deductions
Unlock the full tax potential of your investment property with an ATO-compliant depreciation schedule from Mintax Quantity Surveyors. Fixed fee, no obligation quote — and deductions that work for you year after year.
Are You Maximising Your Investment Property Tax Deductions?
Owning an investment property in Victoria comes with a range of legitimate tax deductions — but many investors are leaving significant money on the table each year. One of the most overlooked and underutilised deductions available is property depreciation.
At Mintax, we help Victorian property investors understand and claim every deduction they're entitled to through professionally prepared, ATO-compliant depreciation schedules.
What Tax Deductions Can You Claim on an Investment Property?
Immediate Deductions (claimed in the year incurred)
Property management fees
Repairs and maintenance
Council rates and water charges
Landlord insurance premiums
Accounting and tax agent fees
Interest on investment property loans
Advertising for tenants
Australian tax law allows investors in rental and income-producing properties to claim a wide range of deductions. These fall into two broad categories:
Depreciation Deductions (claimed over time)
Division 43 — capital works (building structure, at 2.5% per year for up to 40 years)
Division 40 — plant and equipment (carpets, appliances, air-conditioning, hot water systems, and more)
Low-value pooling for eligible smaller assets
Depreciation is unique because it is a non-cash deduction — you don't spend money to claim it. The property simply ages, and the ATO allows you to offset that loss in value against your taxable income each year.
Why a Professional Depreciation Schedule Matters
Depreciation deductions cannot simply be estimated by your accountant. The ATO requires that where original construction costs are not known, a qualified quantity surveyor must prepare the depreciation schedule. Without a properly prepared report, your depreciation claim may be disallowed in full if audited.
A Mintax depreciation schedule gives you and your accountant a fully documented, ATO-compliant report that:
Identifies every eligible asset and structural element
Applies the correct effective life and depreciation method to each item
Includes both Division 43 and Division 40 where applicable
Covers renovation works by you or previous owners
Provides a 40-year schedule usable for the life of the property
How Much Could You Be Claiming?
Depreciation entitlements vary significantly depending on property type, age, and features. As a guide:
New residential property: often $10,000–$20,000+ in Year 1 deductions
1990s residential property: typically $3,000–$8,000 per year
Commercial property: varies widely — often significantly higher than residential
Properties with recent renovations: renovation works can substantially increase claims regardless of property age
Tax tip
Even if you've owned your investment property for several years without a depreciation schedule, you may be able to amend prior year returns to claim missed deductions. Speak to your accountant and contact Mintax to find out what you're entitled to.
The Mintax Difference
Not all depreciation schedules are the same. At Mintax, every report is prepared with director-level involvement by Aaron and Geoff — experienced quantity surveyors who understand that accuracy, compliance, and thoroughness directly affect how much you can legitimately claim.
Qualified quantity surveyors on every report
Physical site inspection included where required
ATO-compliant — registered Tax Agent with the Tax Practitioners Board
Fixed fee — no surprises
Fast turnaround — 5 to 7 business days after inspection
Serving Melbourne, Geelong, Ballarat, Mornington Peninsula, Gippsland, and Phillip Island
How to Get Started
1. Find Out What You're Entitled To
Contact Mintax for a free, no-obligation conversation about your investment property. We'll give you a clear picture of what depreciation deductions are available and what a schedule will cost — no jargon, no pressure.
2. We Do the Work
A qualified Mintax quantity surveyor inspects your property and prepares a detailed, ATO-compliant depreciation schedule identifying every legitimate deduction available to you.
3. More Money Back at Tax Time — Every Year
Your completed schedule is delivered within 5–7 business days and works for the full life of your property. One report. Decades of deductions. Hand it to your accountant and watch the difference at tax time.
Frequently Asked Questions
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Yes — with some conditions. Division 43 capital works deductions are available on properties built after 15 September 1987 regardless of whether you are the first or subsequent owner. For plant and equipment, second-hand residential properties purchased after 9 May 2017 are subject to restrictions. We'll assess your specific property and tell you exactly what's claimable.
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Depreciation deductions increase your total deductions, which can increase a negative gearing loss that offsets other income. This is one of the key reasons depreciation is particularly valuable for negatively geared investors — it's a paper deduction that doesn't require any additional cash outlay.
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No. A depreciation schedule is a one-time cost that covers the full life of the property. Your accountant uses the same schedule year after year. You only need a new report if significant capital works are undertaken after the original schedule is prepared.
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Yes. The fee paid for a depreciation schedule is a deductible tax-related expense.
Get started today.
Request a fixed quote today and see exactly what your depreciation schedule will cost.