Investabit replied to the topic Quantity Surveyor in the forum Help Needed! 14 years, 4 months ago
Hi Beaka,
I am a QS who specialises in depreciation, so take my advice with a pinch of salt!!!
I believe you would be mad not to engage the best QS you can get. Particularly a PPOR turned into an IP can be a ATO target
kind regards
GeorgeInvestabit replied to the topic Construction vs brand new built home. in the forum Creative Investing 14 years, 4 months ago
Hi AndrewH,
Remember that your depreciation is also 25% or so less on a construction.
kind regards
GeorgeInvestabit replied to the topic Depreciation – Conflicting Advice – who to call/recommend in the forum Help Needed! 14 years, 5 months ago
Hi KateMelb,Not that I know of, but of course the accountant, as a member of the TPB, would have to declare the commission. I would be interested to know of any accountants who get commission.kind regardsGeorge
Investabit replied to the topic Depreciation – Conflicting Advice – who to call/recommend in the forum Help Needed! 14 years, 5 months ago
H Guys,Let me say upfront that I am a QS who ha specialises in depreciation.The bottom line is that you get what you pay for. If you don't have referal from someone you trust, then ask for references not from clients but from accountants who see wide range of depreciation schedules from a wide range of QS'sSAde to say that in 13 years of b…[Read more]
Investabit replied to the topic Depreciation – Conflicting Advice – who to call/recommend in the forum Help Needed! 14 years, 5 months ago
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Investabit replied to the topic Depreciation – Conflicting Advice – who to call/recommend in the forum Help Needed! 14 years, 5 months ago
The focus is too often on the QS fees, when it should be on the results. A fee difference of $ 50- $ 100 is insignificant if the results vary by $ 2000-$5000
Investabit replied to the topic Depreciation – Conflicting Advice – who to call/recommend in the forum Help Needed! 14 years, 5 months ago
Hi Guys and Gals,A good QS will pick up up plant and articles ie Hot water unit, Lights, Carpets, Blinds even on a property built in 1971. Then there is the method used called " Cost to the taxpayer" which increases the value of P&A . BY the way is anyone claiming Stamp Duty and Legal fees in their depreciation ?kind regardsGeorge
Investabit replied to the topic Depreciation – Conflicting Advice – who to call/recommend in the forum Help Needed! 14 years, 5 months ago
Scott No Mates,I, as a QS who specialises in depreciation, agree with you there, A lot of online services are bad value for money in the sense that you are only paying for computor time, not getting any technical support from their QS. Do some research, make sure you know what you are gettingkind regardsGeorge
Investabit replied to the topic Depreciation – Conflicting Advice – who to call/recommend in the forum Help Needed! 14 years, 5 months ago
jacqui_03,A good online service with support from the QS should produce the same resultkind regardsGeorge
Investabit replied to the topic Depreciation – Conflicting Advice – who to call/recommend in the forum Help Needed! 14 years, 5 months ago
jacqui_03You are still better off getting an experienced(in depreciation) QS to do your depreciation He could/should find more than ten times his costkind regardsGeorge
Investabit replied to the topic Depreciation – Conflicting Advice – who to call/recommend in the forum Help Needed! 14 years, 5 months ago
thanks, number 8
Investabit replied to the topic Depreciation – Conflicting Advice – who to call/recommend in the forum Help Needed! 14 years, 5 months ago
For anyone who may be interested see this article http://www.aaaonlinepds.com.au click on " WHEN IS AQS REPORT NOT A QS REPORT"
Investabit replied to the topic Depreciation – Conflicting Advice – who to call/recommend in the forum Help Needed! 14 years, 5 months ago
energy4anarch,Disagree there, they are, in my companies at least, very different services at fees that refect the input made by myselfThe sole reason why I continue with my full service company is that the inspection of a property leads to extra tax deductions that an average owner would not know aboutYou are right about getting what you pay for.…[Read more]
Investabit replied to the topic Depreciation – Conflicting Advice – who to call/recommend in the forum Help Needed! 14 years, 5 months ago
energy4anarchy.Please let me know in due course, if you were happy with the process and resulting schedule. kind regardsGeorge
Investabit replied to the topic Depreciation – Conflicting Advice – who to call/recommend in the forum Help Needed! 14 years, 5 months ago
energy4anarchy,For years I avoided starting an online depreciation company, believing that the time and cost of an inspection more than covered the cost( and still do), in actual fact I guarantee it!!! However I sucummbed to this when a friend of mine who lives in bendigo told of the difficulties they had in obtaining a depreciation quote, never…[Read more]
Investabit replied to the topic Depreciation – Conflicting Advice – who to call/recommend in the forum Help Needed! 14 years, 5 months ago
Energy4anarchy, The reason I would like to know is that I am a QS with a online depreciation company and a full service(including inspection) company The online depreciation compay is limping along while the full service company is booming! I thought it would be the other way around. I would really like some feedback from someone who has used an…[Read more]
Investabit replied to the topic Depreciation – Conflicting Advice – who to call/recommend in the forum Help Needed! 14 years, 5 months ago
Hi Guys,Has anyone tried a online depreciation service? I would be keen to know if you were happy with the process and result at a lot less than $450regardsGeorge