How do you choose your Quantity Surveyor for Depreciation Schedules

Discussion in 'Accounting & Tax' started by Sw-m78, 23rd Apr, 2024.

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  1. Sw-m78

    Sw-m78 New Member

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    Brisbane
    I've noticed recommendations on these forums for different Quantity Surveyors in multiple posts. I had a chat with a couple and they all seem to claim to be a 'industry leader' in one way or another.

    As a property investor, how do you select yours?

    How do I differentiate between the top results in Google?
    • BMT
    • DuoTax
    • Depreciator
    • Washington Brown
     
  2. Kim_DuoTax

    Kim_DuoTax Well-Known Member Business Member

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    A good quantity surveyor will always maximise every possible deduction for you to achieve the highest outcome, by using the most aggressive rates to calculate the highest construction cost + improvement cost possible. They will also be able to give you an estimate on the deductions if you let them know the address and can guide you through the process and how everything works. Look for the reviews from real customers who have had an actual experience with the company is also a good way to proceed.
     
  3. alexpreston

    alexpreston Well-Known Member

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    Does this process include booking an internal inspection of the property?
     
  4. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

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    When it is required. Some dont need a physical inspection and others should. The QS should discuss the specifics of each property to guide that and cost v benefit.
     
  5. Gockie

    Gockie Life is good ☺️ Premium Member

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    I've got mine with BMT. They keep a history of all your IPs and you can access details of all of them in one central location. They will also send you emails of nearby developments of your IPs and past IPs too.....
    And this is what you can access for a property.

    BMT.JPG
     
    Last edited: 24th Apr, 2024
    alexpreston likes this.