Through our registered tax agent partner, Mansfield Property Advisory can obtain low cost property tax allowances reports for our clients. 

This type of report is prepared to ascertain tax depreciation allowances given under the Income Tax Assessment Act 1997, specifically:

• Division 40 – Capital Allowances

• Division 43 – Deduction for capital works

Assessment of allowances, either at acquisition or following completion of capital works, provides the opportunity for our clients to improve after tax returns and manage cash flow from the property through effective use of depreciation allowances.

Options are given to the client to implement these allowances by either the diminishing value or prime cost method.  The differing nature of these methods allows the client to select the most effective application of the allowances to the needs of the investment entity.