Summary

This type of report is based on the ATO guidelines for the Self Assessment Rules. Under these guidelines it is up to you as the taxpayer to provide accurate and reasonable information to complete your property depreciation schedule. You will need to complete a worksheet with information and measurements about your property.

Please note: It is designed for residential properties only. If you have a commercial property you will need an onsite inspection with one of our inspectors. Please contact our office for a quote.

The Self Complete Service would suit

• Someone who is confident to be able to take measurements of their own property

• Property is fairly standard and intention is to not claim any capital works changes. (However original construction cost will be included)

• Where the investment property is located in a remote location

Drawbacks to the Self Complete

• More work for you the customer in measuring and completing the forms

• No on-site inspection by Write It Off

• If changes have been made to the property prior to you taking ownership then these costs cannot be included in your report unless for some reason you have accurate costs and dates of the changes. This could significantly affect your overall claim

• If in any doubt we strongly recommend you use our Premium Service to allow us to cost all historical changes to your property to maximise your claim.

• Please note (very important) you cannot estimate or cost any changes to the property yourself. This must be done by an appropriately qualified building inspector.

Tax Rules

This type of report is based on the ATO guidelines for the Self Assessment Rules. Under these guidelines it is up to you as the taxpayer to provide accurate and reasonable information to complete your property depreciation schedule. Write It Off accepts no responsibility for the accuracy of the depreciation report if in the event the information provided is found to be false or misleading.

Self Complete - No Inspection report contains the following:

Tax effective 40 year depreciation report based on your measurements and any costs provided.

What you need to do:

• Complete the Self-Assessment Worksheet with a few details about you and your property

• Complete details about:

  • – the inclusions within the property

  • – type of floorings and floor areas

  • – renovations or changes to the property where you have the accurate costings

  • – total number of square metres of the property

  • – photos of the property (optional)

  • – floorplan of the property (optional).

  • – Contact the local city council to obtain the construction date (occupancy date) of your property or it may be in your purchase contract.

Want to get a quote and receive the information required for a Self Complete Report? Click Below