Interior

• Flooring
  Seasoned property investors will probably know everything there is to know about depreciable items, but a quantity surveyor will continue to add value because some things could be missed by the naked eye. Just like a car depreciates, items within the property can be claimed under a depreciation property. For instance, items like carpets, flooring, fire alarms, benchtops, shower screens and more can be claimed as part of depreciating costs, which helps you save tax in the long run. Any renovations and the property itself will also be included in the depreciation schedule. White goods, electrical units and furniture are also included in the depreciation schedule under the plant and equipment category.

Landscaping and Fencing

• Driveways
  External improvements like the construction of a driveway or a fence are also deductible. Also, check if some changes have been made to utilities, like the electrical wiring or plumbing pipes. In addition, you should assess the value of the equipment and furnishings in your building. These elements are included in the property tax depreciation report, and the valued items can encompass the HVAC system, water heaters, general furniture and commercial and industrial equipment.