Tax Depreciation Schedule Cost
Professional tax depreciation schedules with Division 43 and Division 40 detail, reconciled with ATO rules and post 2017 residential legislation.
What Does a Tax Depreciation Schedule Cost?
When evaluating the cost of a tax depreciation schedule, the most important question isn't the fee — it's what the report will return. A properly prepared schedule, built on accurate construction cost estimates and legislatively compliant asset classification, typically returns many times its cost in the first year of deductions alone.
Mintax prepares detailed, ATO-compliant tax depreciation schedules for residential and commercial investment properties across Victoria. Our reports are prepared by qualified quantity surveyors, backed by site inspection, and delivered in formats your accountant can use directly.
What Influences the Cost of a Tax Depreciation Schedule?
Property classification — residential (post-9 May 2017 second-hand asset limitations apply) or commercial
Construction era and renovation history — affects Division 43 weighting and scrapping calculations
Asset volume — number of plant and equipment items to be identified and classified
Documentation availability — existing plans and cost records can reduce assessment time
Ownership structure — split schedules for multiple owners require additional reporting
What a Compliant Tax Depreciation Schedule Should Include ?
Division 43 — Capital Works
Capital works deductions apply to the structural elements of a property — walls, floors, roofs, built-in cupboards, plumbing, and wiring. For residential properties constructed after 15 September 1987, capital works are deductible at 2.5% per annum over 40 years. Our quantity surveyors apply weighted construction cost assessments by construction date and apportion costs in accordance with ATO practice.
Low-Value Pooling
Where eligible, assets are allocated to a low-cost or low-value pool to maximise deductions in early years. This is applied in strict accordance with current ATO thresholds.
Division 40 — Plant and Equipment
Plant and equipment items include carpets, blinds, air-conditioning units, hot water systems, appliances, and other removable assets. Residential properties purchased after 9 May 2017 are subject to restrictions on second-hand plant — we strictly observe these legislative limits and ensure only eligible items are claimed. For new residential builds and all commercial properties, Division 40 is fully assessed.
Ownership Structures and Split Reports
Joint ownership, SMSF ownership, and trust structures require careful per-owner schedule preparation. We provide percentage allocations and individual reports where required at no additional cost.
What Accountants Value in a Tax Depreciation Schedule
Prepared by a quantity surveyor with TR 97/25 credentials — the ATO's recognised standard
Inspection-backed assessments, not desktop estimates where inspection is required
Clearly documented componentisation and method disclosure
Year 1 pro-rata adjustments reflecting settlement and rental commencement dates
Audit-ready supporting documentation
CSV and PDF outputs compatible with major tax software platforms
Responsive support for accountant queries during return preparation
How to Get Started
1. Submit Your Property Details
Provide your property address, purchase date, and any available construction or renovation documentation. The more detail you can share, the more thoroughly we can assess your entitlements.
2. Inspection and Assessment
A qualified Mintax quantity surveyor conducts a site inspection and prepares a fully componentised, ATO-compliant schedule covering Division 43 capital works and Division 40 plant and equipment where applicable.
3. Accountant-Ready Report Delivered
Your completed schedule arrives in both PDF and CSV format within 5–7 business days of inspection — ready for your accountant to use immediately at tax time.
Why Mintax?
Mintax is a Melbourne-based quantity surveying practice established on the principle that property investors deserve accurate, properly researched depreciation reports — not templated estimates. Every schedule is prepared with director-level oversight by Aaron and Geoff, who bring decades of combined quantity surveying experience to each report.
We are a registered Tax Agent with the Tax Practitioners Board. Our reports are fully ATO-compliant and prepared to withstand audit scrutiny.
Frequently Asked Questions
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If you purchased an existing residential property after 9 May 2017, you cannot claim depreciation on previously used plant and equipment items. However, Division 43 capital works deductions remain available if the property was built after September 1987, and new assets you purchase are still fully claimable. We assess each property individually to capture every legitimate deduction.
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Yes. Renovation works carried out by you or previous owners can significantly increase your claimable amount. We identify and document all eligible renovation costs and calculate residual values for scrapping deductions where applicable.
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One schedule generally covers the life of the property. If you undertake significant capital works after the original report is prepared, we recommend an update to capture the additional deductions.
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Yes. The cost of a tax depreciation schedule is a deductible tax-related expense under Australian tax law.
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Getting started is simple. Reach out through our contact form and we’ll walk you through the next steps and answer any questions along the way.
Get started today.
Request a fixed quote today and see exactly what your depreciation schedule will cost.