Capital works and depreciation on rental properties
Building works, structural improvements, and depreciating assets are claimed over time rather than in the year of purchase. A quantity surveyor's depreciation schedule is often the best way to capture these.
Practical checklist
- Construction date of the building
- Cost of any structural improvements
- Depreciating assets and their cost
- Quantity surveyor's depreciation schedule
- Invoices for any renovation work
Common mistakes
- • Skipping a depreciation schedule on an eligible property
- • Treating capital works as immediate repairs
- • Losing receipts for major renovation work
How the app helps
- • A capital works and depreciating assets register
- • Reminders to upload the quantity surveyor's schedule
- • A guided decision tree to flag potential capital items
Frequently asked
Frequently asked questions
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