Tax Depreciation Schedules?

Here are some answers to frequently asked questions about Property Tax Depreciation.

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What is property tax depreciation?

Allowances have been made by the  Australian Tax Office to encourage investment in residential and commercial property Property investors can claim depreciation (or wear and tear) on the structure and items within the investment.

What is the difference between prime cost and diminishing value depreciation?

Two methods are available to investors with regards to plant and equipment depreciation. The diminishing value method or prime cost method.

Essentially, the diminishing value method, allows you to claim a greater percentage of the asset in the early years of ownership.

Alternatively, the prime cost method, is a more consistent, straight line method of depreciation assets.

The method that you use will depend on your personal circumstances and how long you intend to hold the asset. Once a particular method has been used you cannot then move to the other method of depreciation.

Can I claim the cost of the depreciation schedule?

Yes, the full cost of the depreciation schedule can be claimed in the year that it is obtained.

What items in my investment property can I claim?

Your investment property will be split into two distinct sections. The capital works (Division 43) along with plant and equipment (Division 40)

Division 40 covers assets that have a shorter lifespan and can be depreciated at a faster rate. These items include cooking facilities, heating and cooling, floor and window furnishings. Many individual items are included in this category.

Division 43 covers the building and other items of a structural nature. These items include initial construction, extensions, renovations (both internal and external) and hard landscaping. Recognising these items is crucial to claiming the maximum possible in your particular case.

Do I need a new depreciation schedule each year?

No, a Bell tax depreciation schedule will last for the full depreciable life of the investment property (for up to 40 years). A once off competitive fee is all you pay for the full life of each property.

When are older properties not worth depreciating?

Only if they are built before 1985 without any renovations or improvements added after 1992.

Many older properties have substantial depreciation to be claimed.

Any structural improvements, either internal or external, that are added to the property after 1992 can be claimed by you.  It doesn’t matter that you didn’t conduct the works yourself. These items can be as large as an extension or renovation, garage, pergola or swimming pool. Smaller items such as restumping, roof renovation, concreting and retaining walls can also be claimed.

Our Guarantee - Double Our Fee or its FREE!

If we can’t double our fee in deductions in the first full financial year we will not charge you

Why choose Bell?

Maximum Deductions

Improve the cash flow of your investment property by identifying all your property tax depreciation deductions

Lifetime Report

Multi page, easy to read tax depreciation schedule for the life of the property

Personal Service

Quick and efficient turn around with all schedules and second to none after sales service

ATO Compliant Report

Partnering with the team at Bell will enable you to maximise your returns within ATO guidelines. 

Bell were a stand out. The customer service was fantastic. They gave me a basic understanding of the schedule and a few options on how to proceed with the report. The price was great and turnaround was even better! Would use again and recommend to anyone. Thank you again!

Bridie Keeble-Buckle

I have no hesitation to recommend Bell to anyone. They provide second to none customer service. It was a very smooth and pleasant transaction I had with them. Lisa and Bill have been wonderful to me. Thank you very much. I will definitely use your service again and spreading the word to my friends as well.

Le-Chi Pham

All of the staff are extremely friendly and knowledgeable, the service provided was outstanding and all at a fantastic price. The staff went above and beyond to answer any questions and ensure I was completely satisfied. I will definitely be using them again and cannot recommend them highly enough to others.

Samantha Harris

We offer depreciation services for

Residential Property

Utilising a tax depreciation schedule can significantly assist with cash flow.

Commercial Property

We have many years’ experience depreciating all types of commercial properties. 

Farm & Rural Property

A professional depreciation schedule will maximise return on your investment.

Ready to unlock the potential of your investment property?

Identify all your property tax deductions with a Depreciation Schedule from Bell Property Depreciation Services

Our clients

Residential Property Investors

Commercial Property Investors

Rural and Agribusiness Investors

Finance and Mortgage Brokers


Property Developers

Property Managers

Real Estate Professionals