Tax Depreciation for Commercial & Business Owners

Commercial and business property owners in Melbourne are missing out on hundreds of thousands of dollars in legitimate tax deductions if they’re not claiming depreciation on their premises, fit-outs, and equipment. Whether you own the building your business operates from, have completed extensive commercial fit-out works, or own substantial business assets, professional tax depreciation schedules deliver significant annual tax savings.

Costin Quantity Surveyors specializes in helping Melbourne commercial property owners and business operators maximize tax deductions through comprehensive, ATO-compliant depreciation schedules.

Why Commercial & Business Owners Need Depreciation Schedules?

What Commercial & Business Owners Can Claim?

Building Structure (Division 43):

  • Commercial building construction (2.5% annually)
  • Industrial buildings (up to 4% annually)
  • Structural improvements and renovations
  • Building extensions and additions
  • Car parking and site works
  • Building services and systems

Plant & Equipment (Division 40):

  • HVAC and climate control systems
  • Commercial lighting and electrical
  • Security and access control systems
  • Lifts and mechanical services
  • Communications and data infrastructure
  • All removable business assets

Maximum comprehensive deductions across all building and asset categories.

Leasehold Improvements You’ve Funded:

  • Partition walls and office layouts
  • Suspended ceilings and bulkheads
  • Commercial flooring installations
  • Electrical and data cabling
  • Kitchen and amenity fit-outs
  • Fixed joinery and cabinetry
  • Internal signage and branding

Plant & Equipment You’ve Installed:

  • Air conditioning systems
  • Lighting fixtures and systems
  • Security systems
  • Communications equipment
  • Computer and IT infrastructure
  • Industry-specific equipment

Business Assets & Furniture:

  • Office furniture and workstations
  • Computer equipment and peripherals
  • Point-of-sale systems
  • Display units and fixtures
  • Manufacturing equipment
  • Specialized business equipment

Business Types We Service

Why Choose Costin for Business Depreciation?

Our Business Depreciation Process

Discuss your business, premises, and equipment:

  • Understand business operations
  • Assess owned vs. leased situation
  • Identify depreciation opportunities
  • Provide custom fee proposal

Gather relevant information:

  • Premises ownership or lease details
  • Fit-out contracts and invoices
  • Equipment purchase records
  • Previous depreciation schedules (if existing)

Building plans and specifications

Conduct thorough site inspection:

  • Building and fit-out assessment
  • Equipment and asset identification
  • Asset photography and documentation
  • Construction method verification
  • Leasehold vs. landlord asset separation

Professional quantity surveyor analysis:

  • Building works valuation
  • Fit-out cost assessment
  • Equipment and asset valuation
  • Small business concession analysis
  • Optimal depreciation method selection
  • 40-year forecast preparation

Comprehensive delivery:

  • Detailed depreciation schedule
  • Asset register provision
  • Accountant consultation
  • Ongoing advice for future purchases
  • Free updates for new acquisitions

Common Business Owner Questions

We understand you may have a few questions before getting started, and we’re here to help! In this section, we’ve gathered answers to the most frequently asked questions about our services, processes, and policies. Whether you’re curious about pricing, timelines, or specific requirements, you’ll find all the key details here — making it easier for you to make informed decisions with confidence.

Absolutely. Commercial tenants claim depreciation on:

  • All fit-out works they’ve funded
  • Equipment and assets they own
  • Furniture and fixtures purchased
  • Leasehold improvements made

You cannot claim building structure or landlord-owned improvements.

Depreciation is available regardless of business structure:

  • Sole traders and partnerships
  • Companies and corporations
  • Family trusts
  • Self-managed superannuation funds (SMSFs)

The entity that owns the assets claims the depreciation.

Claimed depreciation may affect capital gains calculations when selling. However, annual tax savings throughout ownership typically far exceed any CGT impact. Your accountant can advise on sale structures.

Ideal documentation includes:

  • Purchase invoices for equipment
  • Fit-out contracts and invoices
  • Building purchase documentation
  • Lease agreements
  • Previous depreciation schedules

Even without complete records, our quantity surveyors can professionally estimate values—this is ATO-recognized.

Maximize Your Business Tax Deductions

Don’t continue missing substantial business tax deductions. A professional commercial and business depreciation schedule from Costin Quantity Surveyors ensures you claim every available dollar while maintaining complete ATO compliance.

Ready to reduce your business tax and improve profitability?

Contact our Melbourne commercial depreciation specialists today for a free, no-obligation assessment of your business depreciation opportunities.

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Depreciation Quote Form

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