by Archi-QS | Aug 25, 2021 | All Posts, Quantity Surveying, Tax Depreciation
A Tax Depreciation Report allows owners of investment properties to claim their loss in value for the natural wear and tear of the property. This report lists depreciable assets related to owning an investment property including the building itself. It may be used to...
by Archi-QS | Aug 24, 2021 | All Posts, Quantity Surveying, Tax Depreciation
If you own a residential building that commenced construction after September 15, 1987, you’re entitled to capital work deductions at a 2.5% rate for up to 40 years, including potential benefits from a tax depreciation report. But what about older properties?...
by Archi-QS | Aug 20, 2021 | All Posts, Quantity Surveying, Strata Building Bond and Inspection Scheme, Updates, Insights & Thoughts
Stage 8 of the Strata Building Bond and Inspections Scheme is the final stage. It is only relevant if the final inspection and report identified outstanding defects and the cost to rectify the defects has been determined. The building bond amount is equivalent to the...
by Archi-QS | Aug 20, 2021 | All Posts, Quantity Surveying, Strata Building Bond and Inspection Scheme, Updates, Insights & Thoughts
Stage 6 of the Strata Building Bond and Inspections Scheme is agreeing to the cost of the outstanding defects and is therefore only applicable if outstanding defects that have been identified in the previous Stage 5: Final Inspection and Report. This stage must be...
by Archi-QS | Aug 11, 2021 | All Posts, Quantity Surveying, Strata Building Bond and Inspection Scheme, Updates, Insights & Thoughts
Stage 5 of the Strata Building Bond and Inspections Scheme requires that the building inspector go back out to site to carry out a final inspection and report. This is to determine whether the defective building work identified in the interim report has been...
