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Services
Tax Depreciation Services
CivicIPN provides comprehensive Tax Depreciation Schedules to allow investment property owners to claim depreciation on the decline in value of assets over time, to obtain significant tax savings.
What We Do
CivicIPN provides comprehensive Tax Depreciation Schedules to allow investment property owners to claim depreciation on the decline in value of assets over time, to obtain significant tax savings.
Tax Depreciation Schedules are suitable for all investment properties, whether residential, commercial, or rural as they often all come with a range of fixtures and fittings that are subject to wear and tear over time. In order to claim depreciation on investment property assets, property owners need to obtain a depreciation schedule from CivicIPN.
In this schedule, CivicIPN will outline the value of each asset, its useful life, and the depreciation rate that can be claimed. Depreciation can be claimed on a range of fixtures and fittings in investment properties, including:
- Carpets
- Curtains
- Air conditioning units
- Hot water systems
- Ovens
- Dishwashers
- Other appliances
Additionally, commercial and rural properties may have depreciation available for items such as:
- Fencing
- Sheds
- Other structural improvements.
SMSF Guide
Our Fee Structure
Assets Value
Cost
Cost inclusive of Rent Assessment
Current Use
Residential Property / + Rent Assessment
Up to $1 Million
$275(+GST)*
$375 (+GST)*
Single residential property
Over $1 Million
Multi-Unit/Tenancy Property
Assets Value
Cost
Cost inclusive of Rent Assessment
Tenancy
Commercial Property / + Rent Assessment
Up to $1 Million
$500 (+GST)*
$275(+GST)*
Single tenant (related party leases only)
$1 – $2 Million
$650 (+GST)*
$850 (+GST)*
Single tenant (related party leases only)
$2 – $3 Million
$850 (+GST)*
$1,000 (+GST)*
Single tenant (related party leases only)
>$3 Million or complex properties (including multi-tenant)
Assets Value
Cost
Current use
Rural Property
Up to $1 Million
$600 (+GST)*
Lifestyle/Non-specialised
$1 – $2 Million
$1,000 (+GST)*
Lifestyle/Non-specialised
>$2 Million or specialised
* Indicative pricing structure.
The above pricing is for desktop restricted property assessment (FY2024/2025).
Please note that the table summarises the pricing structure for different property types and asset values, along with associated assessment costs and tenancy types. For some more complex commercial properties(including multi-tenant or specialised properties) customised quotes are necessary.
IPN Terms & Condition apply
The above pricing is for desktop restricted property assessment (FY2024/2025).
Please note that the table summarises the pricing structure for different property types and asset values, along with associated assessment costs and tenancy types. For some more complex commercial properties(including multi-tenant or specialised properties) customised quotes are necessary.
IPN Terms & Condition apply
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