Residential Tax Depreciation Schedules
Maximise the available tax deductions on your investment property with a professionally prepared tax depreciation schedule, prepared in line with ATO legislation and recognised Quantity Surveying standards.
Designed for everyday property investors, our reports help you claim eligible deductions on your residential property — simply, accurately and with confidence.
What is a Tax Depreciation Schedule?
A tax depreciation schedule is a report that outlines the available deductions for the wear and tear of a residential investment property over time, in accordance with the Income Tax Assessment Act 1997 (ITAA 1997).
It allows property investors to claim deductions across two key categories:
Division 43 – Capital Works (building structure and improvements)
Division 40 – Plant & Equipment (removable assets, where eligible)
These deductions can be claimed each year, helping to reduce taxable income and improve cash flow.
How Depreciation Works
Division 43 – Capital Works
Applies to the structural elements of the property.
Examples include:
Building structure (walls, floors, roofs)
Structural improvements (driveways, retaining walls, fencing)
Renovations and extensions
Typically claimed at 2.5% per year over 40 years, depending on construction date and eligibility.
Division 40 – Plant & Equipment
Applies to removable or mechanical assets within the property.
Examples include:
Appliances (ovens, dishwashers)
Air conditioning systems
Carpets and blinds
For residential properties purchased after 9 May 2017, deductions for second hand plant and equipment may be limited. We assess each property individually to determine eligibility.
What We Do
Inspect the property (where required)
Review building plans, contracts and available documentation
Estimate construction costs where records are unavailable
Assess eligibility under Division 40 and Division 43
Apply ATO-compliant methodologies in line with industry standards
Prepare a detailed, easy-to-use report for your accountant
What You Receive
A professionally prepared Tax Depreciation Schedule
A year-by-year breakdown of deductions
Separate identification of Division 40 and Division 43 claims
A 40-year projection (where applicable)
Clear assumptions and methodology
Ongoing support for you or your accountant
Who This Is For
This service is ideal for:
Mum and dad property investors
First-time investors
Owners of rental houses, townhouses and apartments
Investors who have recently purchased or renovated a property
Accountants looking for reliable QS-prepared reports
Why Choose Us
Prepared by qualified Quantity Surveyors
ATO-compliant and audit-ready reports
Australia wide service with local market knowledge
Clear, practical advice — no jargon
Director-led service and direct communication
What You Receive With Our Service
What You Receive With Our Service
When you engage Mintax, you receive more than a report — you gain a complete analysis designed to ensure every legitimate deduction is identified, calculated and clearly presented for your accountant.
Property Investigation & Data Review
We research your property thoroughly using industry databases, historical records and available documentation so nothing claimable is overlooked. This ensures the schedule reflects the full construction and improvement history.
On-Site Inspection by a Qualified Specialist
Where required, a qualified specialist inspects the property to record all structural elements, plant and equipment, and improvements so the schedule is based on real data, not assumptions.
Prime Cost and Diminishing Value Calculations
Your report includes both depreciation methods, allowing you or your accountant to select the approach best suited to your financial situation.
Missed Deduction Identification
If depreciation hasn’t been claimed in previous years, your schedule will start from the settlement date and include the information needed for potential amendments or back-claims.
Split Reports for Multiple Owners
Where a property is jointly owned, individualised reports can be prepared showing each owner’s share of deductions calculated correctly.
Historical Works Assessment
We investigate past renovations, improvements and additions completed over time — even by previous owners — to ensure all eligible construction costs are captured and reflected in your claim.
Simple process
Request a quote — tell us property type and address.
We assess & confirm fee — fixed price, clear scope.
Inspection (if required) — we schedule promptly.
Report prepared and delivered promptly.
You claim deductions with your accountant — every year.
Frequently Asked Questions
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Yes — where construction costs are not known, the ATO allows Quantity Surveyors to estimate costs for depreciation purposes.
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On substantiation, we estimate residual value of removed items for scrapping deductions and reset bases for new works.
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The cost of preparing a depreciation schedule is generally tax deductible.
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Yes — particularly under Division 43, depending on construction date and any improvements made.
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A depreciation schedule typically covers the entire effective life of the property, often up to 40 years.
Get started today.
Request a fixed quote today and see exactly what your depreciation schedule will cost.