Understanding Depreciation Schedules – Advice from a Sydney Accountant (Business Opportunities - Other Business Ads)

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Understanding Depreciation Schedules – Advice from a Sydney Accountant


When you’re investing in property in Sydney, understanding depreciation is essential for maximising tax deductions—and optimising your returns. A tax depreciation schedule is a professionally prepared report that details how various aspects of your investment property decline in value over time, unlocking significant annual tax savings 
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What Is a Depreciation Schedule?
Depreciation is a non-cash tax deduction that reflects wear and tear on a property and its assets. In Australia, two categories apply:

Division 43 (Capital Works): Covers structural and fixed components—walls, flooring, cabinetry, roofing, and the like.

Division 40 (Plant & Equipment): Covers removable or depreciable assets—such as carpets, blinds, appliances, and air‑conditioning units 
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With a well-prepared depreciation schedule, eligible deductions are forecast across the useful lifespan of the asset—typically up to 40 years 
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Why You Need a Depreciation Schedule
1. Maximise Tax Savings
A tailored depreciation report ensures all eligible deductions are captured. Many reports reveal savings of $10,000–$15,000 in the first full financial year alone 
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2. Improve Cash Flow
Tax deductions reduce taxable income, leaving you with more cash retained. Better cash flow may even help you finance additional investments.

3. No Annual Fees
Once prepared, the schedule lasts up to 40 years without the need for renewal—unless substantial renovations occur. Updates can then be made to reflect capital improvements 
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4. Fully Tax‑Deductible
The fee charged for preparing the schedule can itself be claimed as a deduction—often in the same year that you obtain the report 
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Choosing a Qualified Quantity Surveyor
Depreciation schedules must be prepared by a qualified quantity surveyor who is registered or affiliated with the Australian Institute of Quantity Surveyors (AIQS), and is ATO‑compliant. This ensures accuracy, compliance, and maximised claim potential 
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When selecting a provider, consider:

Local experience in Sydney’s suburbs and property types

Transparent and competitive pricing

Fast turnaround (commonly 5–10 business days) 
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How It Works with Byron Accounting
At Byron Accounting, our Sydney-based tax specialists work closely with accredited quantity surveyors to deliver full depreciation schedules. We take care of:

Coordinating property inspections or desktop surveys

Analysing eligible assets under Division 43 and Division 40

Preparing a comprehensive ATO‑compliant report for your accountant

Ensuring the schedule captures the maximum possible deductions promptly

Final Thoughts
A tax depreciation schedule is a strategic, one‑time investment that can pay dividends year after year. With meticulous preparation and professional expertise, Byron’s Sydney accountants ensure property owners leverage every eligible deduction—and enjoy a stronger return on investment.

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