6. How will the quantity surveyor assess the property for depreciation purposes?
The Australian Institute of Quantity Surveyors (AIQS) Code of Practice stipulates that site inspections are necessary to satisfy ATO requirements.
A trained quantity surveyor will ensure all depreciable items are noted down and photographed. This guarantees that you won’t miss out on any deductions. The documentation can then be used as evidence in the event of an audit. They will also liaise directly with the tenant or property manager in order to cause minimal disruption to the tenant.
The best time to get a quantity surveyor to inspect your property is immediately after settlement before the tenant has moved in.