Who prepares Tax Depreciation Schedules?
Your report should be prepared only by a Qualified Quantity Surveyor (QS) and certified by a Full Member of the Australian Institute of Quantity Surveyors (AIQS). Be wary of non-qualified companies and / or individuals offering Tax Depreciation Schedules. Important Legislation was recently passed whereby individuals or companies preparing Tax Depreciation Schedules have to be registered Tax Agents. This is a contradiction to previous and other legislation whereby a suitably qualified person, such as a Quantity Surveyor, should prepare such. Based upon the recent and previous legislation, the AIQS have made representation to Parliament stating, in simple terms, that a qualified full member of the AIQS should not need to be a Registered Tax Agent. In addition, the AIQ has advised all suitably qualified Member Quantity Surveyors that they will support their continued preparation of Tax Depreciation Schedules. Hence, you should ensure a fully Qualified Quantity Surveyor, who is a Full Memb
