THIS IS A QUESTION often asked by Investors.
A Quantity Surveyor (or QS) is a professional who specialises in estimating the value of construction costs and other assets. And Quantity Surveyors may get involved at various stages: prior to construction, during construction and post-construction.
They use their skills to determine the cost of building works and fit-out, whether we’re looking at a residential property or any of the structures and assets within the vast spectrum of commercial properties.
Formally Recognised Skills
Quantity Surveyors are one of the few professionals recognised by the Australian Taxation Office to have the appropriate skills to calculate the cost of items for the purpose of tax depreciation.
The values provided are unique: they’re not a market value or a replacement cost. Instead, construction costs are estimated using today’s values and then historically indexed to the year of construction.
Meanwhile, a QS will value plant and equipment items (commonly known as fixtures and fittings) to reflect their potential to contribute to a property’s ability to produce income.
Ensure You Maximise Your return
BMT Tax Depreciation are Quantity Surveyors who exclusively specialise in property tax depreciation. They have the complex skills and over twenty years of experience to ensure that their depreciation schedules maximise deductions for investors – which, in turn, unlock the full cash flow potential of your property investment.