The Problem With Generic Depreciation Reports
Not All Depreciation Schedules Are Created Equal
Many of your clients may already have depreciation schedules, but not all of them are maximising what they're entitled to claim. Schedules prepared without a qualified Quantity Surveyor often miss significant Division 40 plant and equipment deductions, use conservative asset valuations, or haven't been updated following legislative changes.
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When you refer clients to Tax Depreciation Wizard, you can be confident that every schedule is prepared by ATO-accredited Quantity Surveyors using current legislation, applied to the full asset register of each prop
What We Handle
Everything You Need for Tax Time, Done Properly
Division 43 - Capital Works: We accurately assess the construction cost of the building structure and apply the correct write-off rates (typically 2.5% or 4% depending on property type and construction date).
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Division 40 - Plant and Equipment: We identify and individually value all depreciable plant and equipment items - from HVAC systems and hot water units down to carpet, blinds, and appliances — and apply the correct effective life rates per the ATO Tax Ruling TR 2024/1.
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Both Depreciation Methods: Every schedule presents both the Diminishing Value and Prime Cost methods, so you can select the most advantageous approach for each client based on their overall tax position.
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Low-Value Pooling: Where applicable, we apply low-value pool provisions to accelerate deductions in year one - a commonly missed optimisation.
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Catch-Up Claims: If a client has owned an investment property for several years without a depreciation schedule, we can prepare a retrospective schedule. You can then amend prior year returns to claim deductions missed - up to two years back in most cases.
Why Accountants Trust TDW
Built for Referral Relationships
ATO Compliant - Every Time: Our schedules carry a 100% audit success record. Every calculation references the relevant ATO legislation and Tax Rulings. If an ATO officer calls, the numbers are defensible.
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Qualified QS Professionals: Under the ATO's rules, only a qualified Quantity Surveyor can estimate construction costs for depreciation purposes where the accountant or owner doesn't have them. Our team is ATO-accredited and carries the credentials your clients' audits require.
Fast Turnaround: 2–3 business day turnaround means your clients aren't waiting weeks before their return can be lodged. No inspection required in most cases - we work from available documentation.