How long does it take to prepare my tax depreciation schedule and report?
We must gather preliminary information regarding the purchase of the property and then complete an inspection that involves physically measuring the premises. The inspection typically includes a photographic report (for tax office substantiation). The details of the site inspection allow us to compute the historical construction cost and identify the fixtures and fittings that are depreciable. The information we require is detailed on our depreciation order form. The whole process can be completed within a fortnight depending mainly on arranging access to the property for the site inspection.
