Property Investors

Are you claiming your rightful and legitimate tax deductions?

As little as 20% of investors are fully utilising and taking advantage of the available tax depreciation benefits of their investment property, therefore 80% of the investment population are giving the government more money than they actually deserve – are you one of these?

What are tax breaks?

Tax breaks are what make property investing affordable for the average person, depreciation is one of the best tax breaks available to real estate investors.

Why do real estate investors receive such tax breaks?

  1. Economically speaking, the ATO recognises that the demand for rental properties outweighs the supply – therefore they provide investors with tax deductions as an incentive with the aim of reaching an equilibrium point of supply and demand.
  2. Providing tax breaks encourages people to use property to secure their own financial future, thus alleviating the strain on public welfare and pension systems.

What your additional cash flow could do for you?

  1. Pay towards the principle places of residence – effectively reducing your mortgage
  2. Increase your cash flow/take home pay
  3. Reduce the term of the loan
  4. Reduce the interest paid
  5. Create more equity in your property portfolio quicker
  6. Help you benefit from greater buying power through increased equity

Why choose Depwest to help you claim your rightful and legitimate tax deductions?

As a fiercely proud, wholly Western Australian owned company, we believe that our local expertise and service commitment is second to none – local company, local knowledge resulting in an accurate, timely and affordable service setting us apart from our competitors making us the leader in servicing Western Australian property investors.

1.    Professionally accepted Depreciation Schedules.

  • ATO compliant

Depwest qualify under Tax Ruling 97/25 of the Income Tax Assessment Act (1997) as having the expertise to estimate construction costs for depreciation purposes.  Depwest are affiliated with industry regulating bodies and utilise the latest ATO Rulings to ensure investors claim the maximum tax depreciation deductions from their investment property. Our service guarantees excellence, precision and the application of the most up-to-date information to provide you with an optimized lifetime view of your property.

  • Registered Tax Agent

TAX AGENT NODepwest are a registered Tax Agent in accordance with the requirements of the Tax Practitioners Board.  From March 1, 2010, all companies who prepare Tax Depreciation Schedules need to be a registered Tax Agent.  For your reference our registration number is: 24695836.   

You can check the credentials of your tax depreciation supplier on the Australian government’s Tax Practitioners Board website:  http://www.tpb.gov.au/tpb/agent_register.aspx

2.    Rapid Service

  • Physical inspections – booked within 1-3 business days (Perth Metro). 

Site inspections are necessary to satisfy ATO requirements. A qualified and experienced inspector will visit your property, measure the building, assess the construction and record all depreciable plant and equipment items (including common areas in a strata complex) – Our staff have the expertise and knowledge to know which items are depreciable and how savings can be legitimately achieved, guaranteeing you won’t miss out on any deductions.  All the documentation is securely stored and can be retrieved and used as evidence in the event of an audit.

  • A one off property deduction schedule – 2 business days after inspection. 

Depwest provide a comprehensive one off report valid for the life time of the property (maximum 40 years).  The report will illustrate the total property deductions for the lifetime of the property (Division 40 – Decline in Value Deductions on Plant & Equipment & Division 43 – Capital Works Deductions on Building & Infrastructure) providing you with an optimized depreciable lifetime view of your property.

Depwest Post Purchase Addendum Depreciation Schedule

  • On-site inspection of the total property and common areas by a tax depreciation specialist
  • Both prime and diminishing value methods of Depreciation
  • Immediate write off assets
  • Low value pooled assets
  • Capital work deductions
  • Structural improvements
  • Furniture and furniture packages
  • Common property assets
  • 2 day turnaround from day of inspection
  • Depreciation schedule lasting the life of the property 

Depwest Post Purchase Addendum Depreciation Schedule

(Assets which are purchased by the investor after settlement, not part of the purchase)

  • Prime cost asset depreciation
  • Diminishing value depreciation
  • Immediate write off assets
  • Low value pooling assets
  • Furniture and furniture packages
  • Capital works depreciation
  • Repairs and maintenance schedule

3.    Competitive Fully Tax Deductible Fee’s

All fees associated with the preparation of a Depwest Tax Depreciation Report are 100% tax deductible under Section 25-5 of the Income Tax Assessment Act 1997 (ITAA 1997).

4.    Free desk-top feasibility study

Depwest conduct a free, no obligation desktop feasibility assessment on every application that we receive.  This study will involve a number of simple questions regarding the purchase and the property followed by online research – once we have finished the study we will email the results of our study explaining exactly why it is or is not feasible.

5.    Our guarantee to you!

If Depwest do not attain at least double our professional fee in depreciation entitlements in the first full financial year – we will refund the fee and provide the report at NIL cost.

Contact Depwest today to discuss your own investment property and the hidden cash within it.