Maximize Your Depreciation Deduction with Redline Quantity Surveyors

Nov. 6, 2011 - PRLog -- Tax Depreciation can be explained as the legitimate tax deduction obtainable to the owners of income producing properties for the purpose of covering the costs of damage on that property. Established as an incentive for encouraging people to save for their retired life, it recognizes that certain items like white goods, curtains and carpets decrease in value over time due to daily use. As an effect, the owners of income producing belongings are allowed to claim a deduction in tax to assist in collecting funds to replace these items. Redline Quantity Surveyors is a Registered Agent Company. Visit http://www.redlineqs.com.au/Tax_Depreciation.htm today!
   
If you want to maximize your rate of depreciation, you should switch to Redline Quantity Surveyors. To claim this deduction, a property investor must appoint a qualified and trained professional like “Quantity Surveyor” for preparing the Tax Depreciation and Capital Allowances Schedule on their behalf. It is essential to note that the Australian Taxation Office distinguishes Quantity Surveyors as professionals in this field. On the contrary, the solicitors, accountants and real estate agents are not distinguished by the ATO as suitably qualified professionals for preparing taxation schedules.

Redline Quantity Surveyors are experts in Capital Allowances and Tax Depreciation. They record all the depreciable plants and equipments included in your property and present this in a free and easy to understand plan outlining the depreciation entitlements of the person. As the plants and equipments within an investment property are subject to wear and tear, so does a building itself. As a result, property investors have the right to claim a deduction of 2.5% per annum depending on the real construction cost of the property. This proportion can increase to 4% per annum depending upon the kind of property and when it was established.

Like the Tax Depreciation of equipment and plant, one can also claim an additional deduction of the building. Redline Quantity Surveyors personally study the building by noting its construction, its age and type. On the basis of this information, Redland Quantity Surveyors prepare an estimate of the original price, which forms the foundation of one’s deduction. When selecting a Quantity Surveyor to carry out such a task, you should ensure that they do not dedicate themselves only to the Capital Allowance Schedules and Tax Depreciation. This is because you should have extensive knowledge of the construction prices of the past and present for a correct estimate.  

If you want to increase the tax returns on your commercial, residential and industrial investment properties, contact the specialists of Redland Quantity Surveyors at http://www.redlineqs.com.au/. For availing the services offered by Redline, you must be a registered Tax Agent.

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