Quantity Surveyor

Depreciation.com’ is one of Australia’s fastest growing quantity surveyor firms. Our Quantity Surveyors (QS) provide property investors Australia-wide with thorough online Property Tax Depreciation reports. All of our QS are highly professional and have over 20 years of experience in the field of Property Tax Depreciation. For more information about our services, or to discuss your own Property Tax Depreciation report, contact us now.

quantity surveyor

What is Property Tax Depreciation?

The Australian Tax Office (ATO) introduced Property Tax Depreciation to encourage people to save for their retirement. Property Tax Depreciation covers the ‘wear and tear’ of a building, as well as certain items within the property such as curtains, carpets, white goods etcetera.  

How can Property Tax Depreciation help you?

Property Tax Depreciation can help you by giving you back the money for the depreciation of your property. This tax deduction can be claimed by any investment owner (including owners of rentals and business properties). If you own a property and would like to save money on your annual tax return, enquire about a Depreciation Schedule today.

How can our company assist you?

We can maximise your tax return by providing you with an ATO compliant Property Tax Depreciation Schedule, which covers the depreciation of your property over its whole lifetime. You can use this Depreciation Schedule to determine what you can claim back in depreciation tax at the end of a tax year.

Included in the report is the following:

  • A method statement - this gives specific instructions on how a property is built

  • The schedule of diminishing value method of depreciation

  • Schedule of prime cost method of depreciation

  • Schedule of pooled items for the property - pooled items are put into two categories: Low Cost Pool (items under $1000) and Low Value Pool (assets that began at a value of over $1000 dollars that have depreciated over time to under $1000)

  • Allowances available for the property according to ITTA 1997 document division 43

To find out more about how we can assist you and your property, please contact us now.

Quantity Surveying Services

What is a QS?

Also known as a ‘construction economist’ or ‘cost manager,’ a Quantity Surveyor is a professional advisor who works within the construction industry. Quantity Surveyors estimate and monitor construction costs from the inception of a project through to post-completion. Once construction is complete, Quantity Surveyors can assist with tax depreciation schedules, replacement cost estimation (for insurance purposes), mediation and arbitration. The most essential skills of a QS are analytical thinking, attention to detail, high-level accuracy and ability to work within very rigid time schedules.

Get a depreciation schedule

What Does a Quantity Surveyor Do?

Quantity Surveyors work closely with architects, financiers, engineers, contractors, suppliers, project owners, accountant, insurance underwriters, solicitors, courts and government authorities to ensure that your project runs in a timely, thorough and cost effective manner. Traditional Quantity Surveying services include:

  • Cost planning

  • Estimating

  • Contracts negotiation

  • Procurement advice

  • Preparing Bill of Quantities (BOQ)

  • Monitoring Budget

  • Preparation of Payment Invoice and certification

  • Assessment of variations

  • Dispute resolution

  • Preparing feasibility studies

  • Cost control

  • Value engineering

  • Advice on cost limits and budgets

  • Whole life cycle costing

  • Valuation for insurance purposes

  • Project management

  • Advice on contractual disputes

  • Preparation of final account


What is the QS Process?

Inception of project: The QS will use their expertise to advise clients on the most economical approach to their project. This process can involve cost planning, estimating, cost analysis and value management and results in an established project budget.

During Design: The QS will utilise cost management to ensure that all construction processes remain on budget. If excess costs are identified, they will be offset by identifying area where savings can be made. The surveyor will likely prepare a tender, and may consider price alternatives.

During Construction: The Surveyor will oversee progress and check payments at regular intervals. If any design or quantity changes arise, the Surveyor will refer to the rates in the Bill of Quantities.

Post-Construction: When construction is complete, the QS will produce depreciation schedules of all the components of the project, and will advise on any insurance replacement costs. If construction disputes occur, the Surveyor will often act as an expert witness or arbitrator.

To maximise your tax return, save time and money or to find out more about our Quantity Surveyors, give us a call today.


Read our blog articles outlining the top myths and truths of property tax depreciation, and how to arrange a tax depreciation schedule.