Asset Economics is one of Queensland’s leading Quantity Surveyor firms. Founded in Brisbane in 2004, we have a reputation for providing high-level expertise in an efficient way for residential & commercial investment properties through tax depreciation reports, body corporate managers, and the construction industry. With bases in Brisbane, Gold Coast, and Sunshine Coast we are the tax depreciation quantity surveyors for local people.
We focus on tax depreciation
Tax depreciation is a tax deduction claimed for the natural wear and tear of an income-producing building and its assets over time. It is generally the second biggest tax deduction for property investors, after interest.
Asset Economics major business
1. Tax Depreciation
Tax depreciation is a tax deduction claimed for the natural wear and tear of an income-producing building and its assets over time. It is the second biggest tax deduction for property investors, after interest.
Claiming tax depreciation reduces your taxable income, meaning you pay less tax. You may be eligible for thousands of dollars in depreciation deductions each year.
A tax depreciation schedule prepared by a specialist quantity surveyor like Asset Economics Tax Depreciation is the best way to authenticate your tax depreciation claim with the ATO.
Arranging a Tax Depreciation Schedule with Asset Economics couldn’t be easier with our three easy steps.
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2. Body Corporate reports
Sinking Fund Reports
A sinking fund is designed to help owners’ corporations of strata schemes grow their financial reserves in order to cover future capital expenditure. By regularly putting aside money, a sinking fund ensures that property owners in a strata scheme don’t have to pay large, one-off levies whenever an expensive emergency cost arises.
Sinking fund forecasts need to be carefully considered in order for the financial burden of funding capital works projects to be shared equitably among all owners in a strata scheme. Having a financially stable scheme is vital for older buildings and for ensuring the value of lots in the property for owners who wish to grow their equity or eventually sell the asset.
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3. Dilapidation Surveys
Dilapidation surveys are now an important part of the construction or demolition process.
A dilapidation report is a photographic and written property condition report on the adjoining structures and surrounding areas of a construction site. It is undertaken before and after construction works to identify any changes to the inspected areas.
The Asset Economics team has specialist-building consultants, who offer an unrivalled level of client service in terms of professionalism, speed, innovation, monitoring works and cost-effectiveness. Dilapidation Surveys are what we specialise in which enables us to excel in what we do.
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