Many tax agents make a fundamental error when they prepare rental property tax returns. See if it affects you. I will explain the problem. It concerns QS reports with deductions for Depreciation and Cap Allowances. These deductions can comprise three elements : - Div 40 Depreciation - Low Value Pool - Capital Allowances (Div 43) The way I see it is I receive a report and it comprises tax advice. The QS report cost good money and I will use it. However some (many !!) tax agents think its clever to re-enter the report into tax software so that it looks complex. But when they do this they can irrevocably "break"the QS report deductions. Let me explain...QS reports are built using very complex software that the QS firm produces. It will take depreciable items and move them from Div 40 to the LVP when they are eligible and therefore it accelerates the depreciation within legal limits. (Big pat of the back for QS report complexity here). But when the tax agent reworks the report they can break this link and render inconsistencies between the tax return and the QS report. I often see new schedules created with different rates too... That can put the deductions at risk. I often see this and it confuses me. Its really a waste of client money to take a good QS report and rehash it by entering it into tax software. Its like retyping a letter each time rather than saving a template. And since almost every account I can think of bases their fee on time guess who pays for that wasted time ? Instead - Why not just take the numbers from the report and enter them. Simple. Sure a separate schedule can be created for new items such as a new oven, dishwasher after the QS report. A disposal of redundant items is no great challenge either.