Tax Depreciation report & Quantity Surveyor question

Hi there,

I recently bought an Investment Property in Sydney, a Victorian Terrace built in 1840 which had renovations done 10 years or more ago.

My Accountant sent me the following:
Rules around depreciation have changed (since 2017 in fact) where you can only claim depreciation on new items of plant, furniture & equipment in respect of a residential rental property. As for capital works (which is building amortisation) this still remains however you would be best to obtain a property quantity surveyors tax depreciation report for this.

Question for this Forum: What is the benefit of getting a Quantity Surveyor Tax Depreciation report?

Much appreciated for any insight regarding this

 

Lots of threads already on this