Residential Tax Depreciation Packages
With KC Partnership, you may choose from three different home residential tax depreciation packages.
Add your chosen residential tax depreciation package to your shopping basket. Secondly, go to the cart and fill it in with your details.
As soon as we confirm your payment, we will reduce your taxable income to help you save money through our residential tax depreciation report.
Silver Package
- 40x Year Summary
- Diminishing & Prime Cost Methods
- Low Cost & Value Pooling
- Previous Owner Works
- Common Areas
- Quick & Easy Form To Complete
Gold Package
- 40x Year Summary
- Diminishing & Prime Cost Methods
- Low Cost & Value Pooling
- Previous Owner Works
- Common Areas
- Quick & Easy Form To Complete
- Virtual Inspection
Platinum Package
- 40x Year Summary
- Diminishing & Prime Cost Methods
- Low Cost & Value Pooling
- Previous Owner Works
- Common Areas
- Quick & Easy Form To Complete
- Full Site Survey
Speak with a Quantity Surveyor?
Established In
Reports Completed
Maximise Your Tax Deductions
When it comes to tax deductions, real estate investments, and valuations, KC Partnership is the expert. We place a high value on helping you keep more of your own cash in your pocket.
If you don’t see a return on your investment of double the price in the first full tax year, the tax depreciation report is yours for free! If you’re an investor, you can get a Depreciation Report from us for as little as $395 +GST and a short turnaround time.
Established In
Reports Completed
Maximise Your Tax Deductions
We are here to provide clients with the best advice for tax depreciation, property investments, evaluations. Saving your hard-earned money is our first priority.
KC Partnership guarantees to save you twice your fee in the first full tax year or the Depreciation Report is yours for free! We can provide you the investor with a Depreciation Report for as little as $395 +GST, with a quick turnaround.
Our Commercial Clients
CrystalBrook Collections
Over the course of two years, KC Partnership has collaborated with CrystalBrook Collections. We offer expert Quantity Surveying services, including cost planning, tax depreciation schedules, and progress claims for newly constructed buildings.
Novotel hotel
Novotel, a 4.5-star hotel in the heart of Brisbane’s central business district, has chosen us to take care of its assets, including its tax depreciation. The 2019 addition of the hotel’s award-winning Spice restaurant and bar brings the total number of rooms to 238.
Aristocrat Technologies
KC Partnership successfully provided Tax Depreciation Services for Aristocrats Australia’s headquarters in Sydney, Australia. Deliverables include reports for both Aristocrat Technologies (tenant) and Goodman (landlord).
Call For a Quote: 1300-726-098
Specialising in Tax Depreciation for Over 15 Years
Since 2005, KC Partnership has been helping our business clients minimize their income taxes by depreciating assets. Our quantity surveying expertise spans a wide range of projects, from vineyards to five-star hotels and resorts. Employing a Quantity Surveyor to complete your Commercial Tax Depreciation Schedule should not be taken lightly.
When it comes to tax depreciation, commercial real estate is treated very differently than residential. It requires a team well-versed in the laws and regulations currently in effect, as well as commercial property valuation. Keep in mind that some Quantity Surveyors may lack the necessary expertise to finish a depreciation schedule. It’s important to hire a specialized company for this job because of the level of complexity involved.
Specialising in Depreciation For Over 15 Years
KC Partnership has been providing professional tax depreciation services to our commercial clients since 2005. We have Quantity Surveying experience on most property types, from Vineyards through to 5* Hotel and Resorts. Employing a Quantity Surveyor to complete your Commercial Tax Depreciation Schedule should not be taken lightly.
Commercial property is very different from Residential in terms of tax depreciation. It involves a team that holds extensive experience with the current legislation and estimating of commercial property. Remember, not all Quantity Surveyors are able to complete a depreciation schedule. It is a complex area and should only be completed by an appropriately qualified company.
My property has been refurbished. Can I depreciate these costs?
Depreciation is likely higher for older properties that have had renovations, like installing a new kitchen or bathroom. If you don’t have any invoices to include in your depreciation schedule, our Quantity Surveyor can nevertheless determine how much the works cost.
How do you estimate the costs for the depreciation schedule?
Under TR 97/25, the ATO acknowledges that Quantity Surveyors are one of the few professions who have the requisite knowledge to determine the cost of assets for depreciation purposes. Our depreciation schedules accurately estimate the historical building costs based on our large cost databases and in-house resources, and we generate them for all property kinds.
What is the difference between a depreciation report and a valuation report?
When filing your taxes, you can take advantage of the yearly tax depreciation of your investment property over a series of years by referring to a depreciation report. Depreciation is computed using the original construction cost less a reasonable discount for the purchase price.
A valuation report shows the value of your property at a specific time that you can use to calculate your capital gain or loss when you sell the property. The valuation of a property is based on the market condition and many other attributes.
If the building is older than 10 years, should you still get a depreciation report?
This will depend on the situation’s specifics and the date you made the purchase (referring to the next question). Capital structures will be depreciated over a period of 40 years, beginning with the date of construction and including any subsequent alterations. It’s important to note that the property’s condition also affects the depreciation value.
What kind of depreciation should I consider now that my main residence is also an investment property?
Schedules using both the prime cost method and the diminishing value method are presented, each covering a period of 40 years. It is ATO policy to determine the effective life of capital allowances and capital works. Since the annual depreciation amounts will remain the same regardless of the number of years displayed, this is an acceptable solution.
Start getting massive tax deductions
Start getting massive Deductions
Saving your hard-earned money is our first priority. When it comes to property matters, our representative will guide you to claim the maximum amount of tax deduction.
My property has been refurbished can i depreciate these costs?
Most older style properties will have had some sort of refurbishment work, whether a new kitchen or bathroom which will attract depreciation. Our Quantity Surveyor will be able to establish the cost of the works even if you don’t have receipts to include within your depreciation schedule.
How do you estimate the costs for the depreciation schedule?
The ATO have recognised that Quantity Surveyors are one of the few professionals to have the appropriate skills to calculate the cost of items for the purposes of depreciation in accordance with TR 97/25. We prepare depreciation schedules for all property types, estimating the historical construction costs using our extensive cost databases and in house resources.
What is the difference of a depreciation report and a valuation report?
A depreciation report shows the yearly tax depreciation of your investment property for a series of years, which can be used at your tax return to help reduce your taxable income and thus reducing your tax payable. The depreciation calculation is based on the construction cost with a fair allowance for the purchase price.
A valuation report shows the value of your property at a specific time point that you can use to calculate your capital gain or loss when you sell the property. The valuation of a property is based on the market condition as well as many other property attributes.
Is it worth to have a depreciation report if the property is more than 10 year’s old?
This will be a case by case scenario and will also need to take account of when you made the purchase (referring to the next question). Technically speaking, the depreciation of capital structures will be 40 years, which include both the originally constructed structures and any other additions in the years after, starting from the time when that structure was established. However, the value of the depreciation varies due to the condition of the property as well.
I just changed my main occupancy to an investment property, how will the depreciation be affected?
We show 40-year schedules for both diminishing value method and prime cost method. The effective life of capital allowances and capital works are set by ATO. Therefore, the amounts of depreciation each year will not be increased by showing less years in the schedule.
Google 5* Client Ratings
Nancy Peoples
“The process was easy with the survey booked in quick. I definitely recommend KC Partnership”
Frazer Jackson
“They did a depreciation schedule for me in 2010. unfortunately, somehow I lost it! But they were happy to send me another copy 7 years later free of charge.”
Josh Hayes
“Very affordable price and provided quick and efficient service. Will be coming back for future investments”
Contact Us
Our Services
Tax Depreciation & Capital Allowances
Tax Depreciation & Capital Allowances
Asset Registers
Optimized depreciation through fixed asset registers maximizes returns
Depreciation Audits
Are your schedules compliant?
Transaction Support
Analysis of depreciation at acquisition including estimates
Property Insurance Assessments
Insurance replacement cost estimates
Our Services
Tax Depreciation & Capital Allowances
Tax Depreciation & Capital Allowances
Asset Registers
Optimized depreciation through fixed asset registers maximizes returns
Depreciation Audits
Are your schedules compliant?
Transaction Support
Analysis of depreciation at acquisition including estimates
Property Insurance Assessments
Insurance replacement cost estimates