Maximising Tax Returns with Depreciation Schedules in the NT

If you own an investment property in the NT, a tax depreciation schedule can put money back in your pocket. 

If you own an investment property in the NT, a tax depreciation schedule can put real money back in your pocket at tax time. Many investors don’t realise they’re entitled to claim deductions on the natural wear and tear of their property and its fixtures. Over the life of your investment, this can add up to thousands of dollars in savings.

A professional tax depreciation inspection ensures every allowable item is recorded accurately, from the structure itself to fittings like carpets, blinds, appliances, and air conditioners. With a compliant schedule in hand, your accountant can maximise your annual claims while keeping you fully within ATO guidelines.

By arranging a schedule early, you’ll not only improve your cash flow but also increase the long-term return on your investment.

What Is a Depreciation Schedule?

A depreciation schedule is a detailed report prepared by a qualified inspector or quantity surveyor. It outlines the decline in value of your investment property and its assets over time. This includes the building itself as well as fixtures and fittings such as carpets, air conditioners, hot water systems, blinds, and appliances.

The Australian Tax Office (ATO) allows property investors to claim this depreciation as a tax deduction each year. In simple terms, a depreciation schedule tells you how much you can legally claim back on your property’s wear and tear.

Without one, you could be missing out on thousands of dollars in deductions across the life of your investment. With one in place, your accountant can maximise your return, improve your cash flow, and make sure you’re claiming everything you’re entitled to.

Benefits for Investors

• Boosts your tax return.

• Applies to both residential and commercial properties.

• Helps you maximise long-term returns.

  
  

Why Use a Property Inspector?

Independent inspectors like Graham ensure accurate reporting of building components and fixtures. This avoids missed claims and protects your compliance.

A depreciation inspection today can save you thousands tomorrow.