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The Acumentis team has been assisting our clients with the preparation of tax depreciation schedules for rural property acquisitions and market valuations for some years. Communication is easy and our questions are always answered promptly. Turnaround times for inspections and production of the reports are very reasonable, and the information provided is accurate and thorough.
When it comes to asset acquisitions, we always ensure that we request a detailed written tax report as part of this process to ensure our clients maximise their depreciation. The depreciation reports provided by the Acumentis team have saved my thousands come tax time.
Acumentis offers true nationwide coverage to its clients with over 300 staff servicing Australia from over 45 locations.
Acumentis valuers are supported by efficient administrative staff to ensure that customer service excellence is central to all interactions.
We pride ourselves on our national network and our ability to service clients at the most local level. Our staff are locals, with extensive local market intel in the regions they operate.
The Acumentis Team are leaders in their field. Their specialists are proactive and engaged in their local markets to ensure they are providing detailed market information and accurate assessments of valuations.
As a finance broker operating in the consumer and commercial lending space for in excess of 20 years, I have recently been engaging Blake Lieschke and his Team at Acumetis for our property valuation needs. Always professional, responsive and competitively priced, they have even travelled to remote areas, undertaking urgent rural valuations at short notice, to get the job done. Highly recommended, they will have my on-going business for many years to come. Well done Team, and keep up the great work.
© 2024 All rights reserved. Liability limited by a scheme approved under Professional Standards Legislation.
A property valuation is a report completed after a detailed inspection is undertaken on a property. A property valuation will take into account features including:
Property overview, description of the property (number of rooms, size)
Comparable sales
Condition of the property
Risk ratings that identify any market or environmental risks
Any issues uncovered during the inspection, research or other searches conducted
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A Tax Depreciation Schedule allows owners of income-producing properties to claim depreciation allowances.
Without one, you could lose thousands in depreciations each year.
All members of our partner Quantity Surveying team are Registered Tax Agents endorsed by the Australian Institute of Quantity Surveyors (AIQS).
Our certified property valuers undertake inspections and they are highly trained to identify all depreciable items to provide maximum deductions.
Nationwide coverage of all property depreciation types including agricultural, residential, and commercial.
Australia’s ONLY independent, locally owned, ISO certified, ASX listed property valuation and advisory firm.
Acumentis endeavors to deliver tax depreciation schedules 10 business days after property inspections.
Competitive pricing with fixed fees for many property types.
The existing four bedroom, two bathroom house was purchased in 2016 for $750,000. The property was constructed and completed in 2015 on 400 square meters of land
The property was rented for $585 per week or $28,080 per annum
Expenses totalled $30,455 including minor works, agent fees, maintenance and interest
Total tax depreciation on the property amounted to $15,251
By contacting Acumentis for a Tax Depreciation Assessment, our client discovered the ability to maximise tax benefits and improve cash flows with a tax depreciation schedule.
This resulted in a tax depreciation claim of $15,251 in year one, reducing the total annual cost of the investment property by $5,948, a benefit of $496 per annum.
Disclaimer: The tax depreciation amount within this case study relates to the first year claim and will vary depending on the method and asset allocations considered for tax depreciation. It will be different for each case and assessed on the business infrastructure, equipment/chattels and capital expenditure on the property recently
The commercial property is an office with an attached warehouse, purchased recently for $4.2m
Comprising of a large workshop and storage floor area with raking and stock operating minor assembly lines and moveable industrial vehicles/forklift equipment
Total gross lettable area for the site is 2,875 sqm, split across two separate tenancy areas
Building features: storerooms, internal lab, staff room, meeting rooms, loading bays, 39 car parks
In this example we can see that the tax depreciation assessment undertaken had a massive impact on the tax amount claimable, with a claimable depreciation net amount sitting at $52,064 per annum. This depreciation is not a real cash flow, however, will be allocated to existing losses, or may be offset against taxable net income/profit depending on the case.
Disclaimer: The tax depreciation amount within this case study relates to the first year claim and will vary depending on the method and asset allocations considered for tax depreciation. It will be different for each case and assessed on the business infrastructure, equipment/chattels and capital expenditure on the property recently
Mixed farming operation comprising of intensive agriculture, cash cropping and livestock operations
Undertaking an in-depth tax depreciation assessment resulted in a first-year depreciation claim of $347,254, which boosted the net cash position of the operation by $104,176.
Disclaimer: The tax depreciation amount within this case study relates to the first year claim and will vary depending on the method and asset allocations considered for tax depreciation. It will be different for each case and assessed on the business infrastructure, equipment/chattels and capital expenditure on the property recently
Tax Depreciation Schedules
Capital Gains Tax Valuations
SMSF