At Washington Brown, we know that not every property needs to be inspected to claim maximum depreciation. That’s why we will never recommend a property inspection when there is no benefit to you. Find out how much depreciation you can claim and start paying less tax as a property investor.
At Washington Brown, we offer the option of inspection free depreciation schedules for the majority of investment properties in Australia. Our data shows that 87% of investment properties do NOT need an inspection.
3 reasons why some properties do not need an inspection in order to claim the maximum depreciation:
Our expert advice ensures inspections are only recommended when they are beneficial to you, saving you time and money.
Our inspection-free process allows us to pass on cost savings to you, providing a more affordable service to you without compromising on your deductions.
With or without inspections, rest assured you’ll claim the full benefits of depreciation on your investment property.
Our inspection-free approach means your tenants won’t be inconvenienced by on-site visits during the process.
By eliminating the need to arrange inspection times, we streamline the process for a hassle-free experience.
Our efficient inspection-free process ensures you receive your depreciation report promptly, allowing you to make informed decisions without delay.
While our inspection-free process caters to the majority of investment properties in Australia, certain properties may still require a Depreciation Inspection to ensure accurate assessment and maximise deductions. In such cases, an on-site assessment becomes essential to evaluate unique features, renovations, non-residential aspects, and specific property details that aren’t covered by existing data. Let’s explore the five key scenarios where a Depreciation Inspection remains indispensable for property investors seeking to claim the full benefits of depreciation.
1. Your Property is Unique
Your property is classed as High Spec/Luxury/Non-Standard and therefore not typical. An inspection will ensure the maximum deductions by ensuring all facets of your unique property are assessed and included.
2. Your Property is Non-Residential
This means you can still claim the full benefits of depreciation including the Plant & Equipment (carpets, blinds, etc.)
3. Your Property Has Been Renovated
Your property has been substantially renovated and there is insufficient information online to assess the full extent of the improvements. As such, an inspection is necessary to maximise the depreciation.
4. Plant & Equipment Deductions
Your property qualifies to claim Property Plant & Equipment deductions, an inspection ensures no assets are missed, which means your deductions are maximised.
5. More Information is Required
We do not have access to sufficient information specific to your property. We, therefore, need to acquire this via an onsite assessment.
