A professional who estimates and manages the costs of construction and building works. For investment properties, a quantity surveyor prepares a tax depreciation schedule — a report itemising the depreciation claimable on the building and its fixtures. This schedule is submitted with your tax return each year to claim the deductions. A good QS can save investors thousands in tax annually.
Go deeper
Negative gearing in AustraliaHow it works, what you can deduct, and whether it fits your strategy.