$424,109
total deductions each
Yarraville townhouse project
Townhouse investors in Yarraville, Victoria received an extra $35,667 in identified deductions after common areas and lift components were properly included.
Case studies
These examples show how proper quantity surveying due diligence can uncover deductions across new properties, older properties, commercial assets and reports prepared elsewhere.
$1.328M total deductions identified for a CBD penthouse investor
$63,182 missing deductions found in one completed-report review
$52,072 extra deductions identified for a warehouse owner
$48,754 deductions found after an older strata unit was dismissed
Newer properties
Newer properties can produce substantial capital works and plant deductions, especially where common property, hardstands, lifts, fitout or higher-specification construction is involved.
$424,109
total deductions each
Townhouse investors in Yarraville, Victoria received an extra $35,667 in identified deductions after common areas and lift components were properly included.
$227,034
total deductions
A business owner client received an extra $52,072 after common area hardstands were correctly recognised in the depreciation assessment.
$26,207-$42,281
deductions per year
A commercial property owner is claiming significant annual deductions for the next 22 years, supported by a structured depreciation schedule.
$1,328,900
total deductions
A CBD penthouse investor is claiming between $27,977 and $53,809 per year across the report period, with total deductions of $1,328,900.
Older properties
Older properties are often dismissed too quickly. Renovations, extensions, common property and historical building works can still create meaningful depreciation outcomes.
$48,754
deductions identified
A young couple sought a second opinion after being told by a large quantity surveying firm that the property was too old. Comprehensive due diligence identified $48,754 in deductions.
$37,472
deductions identified
A doctor client in Camberwell, Victoria had an unknown extension that was not shown in the contract of sale. Historical research and due diligence uncovered $37,472 in deductions.
Report reviews
BWK Group has also reviewed completed depreciation reports where clients wanted a second opinion on the quality, assumptions and deductions identified.
$63,182
missing deductions identified
A review identified $63,182 in missing deductions, along with reporting concerns that suggested the original report may not have been prepared with appropriate quantity surveying rigour.
$58,404
missing deductions identified
A separate review identified $58,404 in missing deductions and highlighted the importance of correct depreciation methodology and report preparation.
Important note
Tax depreciation outcomes depend on property type, construction history, ownership, income-producing use and accountant advice. The examples above refer to deductions identified in specific client circumstances.
Next step
Send through your property details and BWK Group can confirm whether a depreciation schedule, review or second opinion is suitable.
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