Maximize Your Tax Savings with Oceania Tax Depreciation

Expert Tax Services for Individuals and Small Businesses

At Oceania Tax Depreciation, we provide comprehensive tax services for individuals and small businesses. Our team of certified tax experts will ensure that you are fully compliant with all tax laws and regulations, while minimizing your tax liability. We offer a range of services, including tax preparation, planning, and representation in case of an audit. With our help, you can rest easy knowing that your tax affairs are in good hands.

What is a Depreciation Schedule

What is Tax Depreciation?

Put simply, property tax depreciation refers to the annual wear and tear of a building and its fixtures and fittings. As your property ages it gradually wears out, which in accounting terms means it depreciates in value. This loss in value can be claimed as an annual tax deduction by any tax payer who owns a property that produces income. Any property investor can claim this deduction, granted they have a Tax Depreciation Schedule completed on the property.

What is Depreciation Schedule?

A tax depreciation schedule is a detailed report that shows the deductions an investor can claim every year for depreciation of both the building and the property’s assets. Depreciation is typically one of the largest tax deductions claimable by owners of an investment property. Owners of both residential and commercial properties require a depreciation schedule to accurately claim their deductions.

What is included in my Depreciation Schedule?

40 years of forecasted deductions

Purchase your depreciation schedule once and use it every year to claim your deductions.

Diminishing value and prime-cost methods

Both methods are reported in table and graph form so that you can apply the most effective method for your circumstances.

Division 43 - Capital Works

For any qualifying works, including additions and improvements made by yourself or previous owners.

Division 40 - Plant and Equipment Assets

Includes individual asset values and depreciation rates.

Pro-rata reporting for first year of ownership

No need to do extra calculations or pay your accountant for extra work!

Split reports for multiple owners

Split depreciation schedules help to ensure maximum results are reported per owner.

Tips on how to read and apply your depreciation schedule results

Our quality reports are easy to read, but our tips will give a little extra help