Tax Depreciation Services for Tasmania
M C Mars is a Hobart based Chartered Quantity Surveyor specialising in the preparation of Tax Depreciation Schedules for investment properties throughout Tasmania including Hobart, Launceston, Devonport, Burnie, St Helens and rural areas. I am a fully qualified member of the Royal Institution of Chartered Surveyors (RICS) with over 20 years professional experience.
Under the provisions of the Tax Agent Services Act 2009, Quantity Surveyors and other specialists who provide tax agent services for a fee such as Tax Depreciation Schedules are required to register as a Tax Agent with the Tax Practitioners Board. The Board has responsibility for registering tax agents, ensuring that agents maintain appropriate skills and knowledge, investigating complaints against agents and ensuring that unregistered entities do not hold themselves out to be agents. The Board warns that there is no protection for taxpayers who use unregistered tax agents. M C Mars is fully committed to supporting and meeting all the requirements of this legislative regime and has received accreditation as a Registered Tax Agent.
The benefits of the M C Mars service are:
- Maximising the return on your investment property
- Tax compliant schedules
- Residential and commercial properties analysed
- Over 20 years professional experience
- Personalised professional service and local knowledge
- Genuinely independent and regulated to highest standards
- All properties inspected personally and no part of service outsourced to contractors
- Professional fees are fully tax deductible
- No fee charged if the allowances are less than the fee
If you own a residential or commercial investment property anywhere in Tasmania ensure that you make the most of your investment by obtaining a schedule prepared in accordance with the latest tax regulations and ATO rulings and guidelines. Avoid the following common mistakes made by many property owners (as identified by the ATO) by obtaining a compliant schedule from M C Mars:
- Incorrectly claiming immediate deductions for the costs to repair damage, defects or deterioration that existed when the property was purchased. These are capital expenditure and should be claimed as capital works deductions.
- Incorrectly claiming the cost of the land as a capital works deduction.
- Incorrectly claiming the cost of improvements such as remodelling bathrooms or kitchens or adding a deck or pergola as repairs. These are capital improvements and should be claimed as capital works deductions.
- Claiming deductions for items incorrectly classified as depreciating assets.
Your allowances will be detailed and summarised in a 20 year tax flow showing the amounts allowable as deductions in your annual tax return resulting in significant tax savings for each year of ownership of the property.
Almost every residential and commercial investment property will benefit from a tax depreciation schedule irrespective of age and date of purchase.
If you own a residential investment property simply complete the online commission form and submit the information to me so that I can commence work on your schedule.
If you own a commercial property simply complete the online information form and I shall provide you with an obligation free quote for your schedule.
If you are a developer simply contact me and I shall provide you with an obligation free quote for your schedules or estimates for marketing purposes.
I look forward to assisting you maximise the returns from your property investment.
How do I obtain my schedule?
Simply download the residential or commercial form and return the completed form and details to me by post or email
.
I look forward to assisting you maximise the returns from your property investment.
Malcolm C Mars MRICS
For more information please select your property category type
Residential : Commercial : Developer/Marketing : Testimonials