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Latest Property Depreciation News

Tax depreciation schedule inspections – are they optional?

Sadly, it seems that the COVID-19 pandemic has seen some depreciation firms look to adjust their standard practices around inspecting an investment property in perpetuity.

Tax accountants
Tax depreciation inspections are required for every property, other than under specific circumstances. Photo: Shutterstock

Sadly, it seems that the COVID-19 pandemic has seen some depreciation firms look to adjust their standard practices around inspecting an investment property in perpetuity.

I warned investors years ago to avoid the firms offering an inspection as an option or as part of some sort of gold package. However, it appears it is time to take another look at this issue. 

What always gets me jazzed up is when people talk about being ATO approved (which i…