J A Quantity Surveyors Pty Ltd

18/12/2025

Seasons Greetings from J. A. Quantity Surveyors Pty Ltd - wishing you a Merry Christmas and Prosperous New Year for 2026, Jayalath Dineshie Fernando

06/03/2025

කුලී නිවැසියන්ට වැඩි බලතල දෙමින් Real Estate හිමියන්ට දඩ ගහන නව ප්‍රතිපත්තියක්
වැඩි විස්තර -https://www.auslankatv.com/archives/76224

11/12/2024

Seasons Greetings from J. A. Quantity Surveyors Pty Ltd - wishing you a Merry Christmas and Prosperous New Year for 2025, Jayalath Dineshie Fernando

07/05/2024

Jayalath Dineshie Fernando

Prepare a Tax Depreciation Report for your investment property? Please ask for the services from the friendly JAQS staff.Jayalath Dineshie Fernando

07/05/2024

Prepare a Tax Depreciation Report for your investment property? Please ask for the services from the friendly JAQS staff.Jayalath Dineshie Fernando

09/12/2023

Seasons greetings from JAQS Pty Ltd

27/09/2023

Is a certified quantity surveyor a good idea?

With tax time in full swing, and the Australian Taxation Office recently revealing its plans to crackdown on property investors’ tax returns, do investors have all the tools they need to get their tax in order?

The Australian Institute of Quantity Surveyors (AIQS), an advocacy body for the quantity surveyor profession, has highlighted the values that their services can provide to an investor, especially at tax time.

Grant Warner, CEO of AIQS, stressed the importance of utilising the services of certified quantity surveyors to undertake assessments of potential deductible items for investment properties. “Quantity surveyors are experts in depreciation and construction costs,” he said.

“They have the knowledge and experience to identify all depreciable items in a property and to calculate the correct depreciation rates,” he explained.

“With the ATO focusing on rental income as well as regularly changes to tax depreciation rules, it is important to use a certified quantity surveyor who is familiar with the latest changes.” He also noted that surveyors are able to provide investors with a well-prepared depreciation schedule, “which may reduce taxable income”.

The AIQS flagged three ways investors can benefit from a surveyor’s involvement:

1. Maximise deductions
A certified quantity surveyor can maximise the deductions on an investment property and contents.

2. Cost estimation
If an investment property has no documentation on construction costs, a quantity surveyor can come in and assess the property to estimate costs.

3. All deductions identified
Through a physical or technology-enabled inspection, a quantity surveyor can ensure all potentially deductible items are identified.

As for the continued benefits of a tax depreciation schedule, AIQS advised that the schedule “should be updated every time there are significant changes to the property, such as renovations or extensions”.

The group also recommended keeping the depreciation schedule for your records, “in case you are ever audited by the ATO”.

22/08/2023

Dear Investment property owners (in Australia),

Please listen to this radio program on Lakhanda (FM 97.7) regarding TDR for investment properties.

Thank you Mr Gamini Fonseka for the opportunity.

If you have any questions, please ring Jay on 0434 105 200.

Thanks

25/04/2023

Tax Depreciation Reports to Investment Properties

19/04/2023

Investment property tax claims. 🏚🏚🏚🏠🏠🏠🏡🏡🏘🏘🏘🏚🏚🏚. Just thought of sending the links below regarding an ATO initiative. From this year, they are going to cross check the investment property income omissions and incorrect deductions. The most common mistake seems to be when you refinance an existing investment property and use the additional funds (due to increased equity) for other purposes (including buying other properties) and then claiming the interest on the new increased amount as a tax deduction on the original property. I am attaching an ATO flyer that explains this with scenarios.

Exclusive: Incorrect reporting of rental property income and expenses, and failure to declare capital gains are all in the spotlight

13/12/2022