Established in 1969, We are staffed by Qualified Quantity Surveyors and the company is a member of the Australian Institute of Quantity Surveyors
By choosing Baglin Partners you can be assured that you will receive the highest level of professional service supported by years of successful practice.
Baglin Partners are experts in areas of:
Tax Depreciation
Construction Estimating
Insurance Reinstatement Costs
Did You Know That Your Tax Depreciation Schedule Is Completely Tax Deductible!
A depreciation report can be prepared to allow a client to easily recover missed depreciation benefits (up to a period of four years) by amending previous tax returns.
All types of investment properties are eligible for depreciation.
The ATO states that any property constructed, renovated or refurbished after 17 July 1985 (residential) and 20 July 1982 (non-residential) is eligible for the construction write-off allowance.
All external works including fencing, paving, pergolas, garden sheds etc can also attract the building write-off allowance.
In order to produce a depreciation schedule and maximise the tax benefits that a particular property will attract, the owner will require the services of a Quantity Surveyor (QS). Currently the ATO only recognises Quantity Surveyors as the only qualified professionals with specific construction costing skills and experience suitable for producing Tax Depreciation schedules.
Unfortunately Accountants, Real Estate Agents, Solicitors and Valuers do not have the required knowledge or appropriate qualifications to produce a complete TDS. None of these professionals have construction cost knowledge and therefore cannot correctly estimate the cost of EVERY item allowable for depreciation by the ATO.
Baglin Partners have been Quantity Surveyors since 1969, and have been producing in-depth Tax Depreciation schedules for their clients since 1985. Due to the high standard of these reports, the majority of the business is referral based from Accountants as well as previous clients and their friends and families!
We are recognised by the Australian Taxation Office as having the expert qualifications and experience required to produce estimates of construction costs.
In order to maximise the depreciation a client can claim for their investment property, an in-depth understanding of the Income Tax Assessment Act, applicable rulings, case law and specific cost estimating skills is required.
Each property if different and must be analysed by a specialist in order to optimise the depreciation benefits. This is why at Baglin Partners we complete a thorough property inspection to take note of all fixtures and fittings throughout the property which attract depreciation, as well as any capital allowances (the building itself, concreting, fencing, etc).
Particular buildings that will attract a claim include: investment apartments, houses, townhouses and duplexes, warehouses, commercial office buildings, office towers, shopping centres, childcare centres, hotels, nursing homes, hospitals, shops, industrial complexes and government properties for sale. Basically any building that is used for income producing purposes has potential for tax depreciation!
