Capital Works

Capital Works – Construction Value Report with on-site Inspection
Total price $475.00* (inc GST)

 

*Enter postcode to confirm price

 

Summary

With this service, we will attend your property and assess the original construction cost value and all subsequent capital works deductions. This service is a less expensive version of the premium report where you are not eligible for plant and article deductions and just want us to cost the capital works component which is the largest part of your depreciation deduction.
We service Brisbane, Gold Coast, Sydney, Canberra, Melbourne, Adelaide or Perth and surrounding areas, please enter postcode to confirm your price.

Changes that came into effect in 2017 now may mean this type of report is best suited to your needs and budget. Only plant & articles installed specifically for rental purposes can be included. Generally 2nd hand properties or properties held initially for private use can only attract the capital works deduction under division 43. These means structural type of works only such as the initial build cost (significant) and subsequent structural works such as a new kitchen or deck. With this report plant and articles not attracting depreciation will be excluded.

The full on-site inspection service contains the following:

  • Full on site inspection of your investment property.
  • Costing of all depreciable assets including:
    • – Initial construction cost of the dwelling
    • – All building surrounds and outdoor assets
    • – Property changes that have been made by previous owners
    • – Minor changes by the current owner including Plant and Articles installed for rental purposes
  • Tax effective 40 year depreciation report
  • Your property depreciation report is then individually checked and verified for quality assurance by:
    • – A Registered Tax Agent who verifies every report for compliance.
    • – A member of The Australian Institute of Quantity Surveyors who checks and signs your report.
  • Fast turnaround time. Your report will be finished within 7 working days from inspection date.
  • No upfront fees. You will be invoiced upon completion of the report.

We will organise everything including:

  • Contacting your property manager to obtain tenant details
  • Contact the tenant to arrange a suitable inspection time
  • Conduct a thorough property inspection to determine all relevant deductions and changes to the original property that may be deductible.

 

*Enter postcode to confirm price