Depreciator launched into the Australian market in 2001 as a company dedicated entirely to Tax Depreciation Schedules.
At that time, there were no Quantity Surveying companies specialising in Tax Depreciation Schedules. Those that did tax depreciation work, generally did it poorly because they didn’t manage clients well and couldn’t keep up to speed with the ever-changing ATO rules.
This was a time when the Australian property market was taking off and Depreciator recognised that there was a huge hole in the market for a Tax Depreciation specialist.
Depreciator saw this as an opportunity and decided to cease all other Quantity Surveying work in order to focus entirely on Tax Depreciation Schedules – Depreciator would provide the best schedules in Australia.
A Tax Depreciation Schedule is simply a document that tells your accountant how much depreciation to claim on your investment property.
Depreciation on your investment property is just compensation for wear and tear. Buildings wear out. So do stoves, carpet, etc – especially with tenants. So you get to depreciate them, or write them down, a bit every year.