How you can reduce your taxable income on your rural property

At PRP, we understand the unique challenges and opportunities associated with rural properties. Our Rural Tax Depreciation Schedules are designed to help primary producers and rural property investors optimise their tax deductions while ensuring compliance with the latest Australian Taxation Office (ATO) regulations.

What is a tax depreciation schedule?

A Tax Depreciation Schedule allows you to claim deductions on the decline in value of eligible assets, including structural improvements and plant & equipment items.

By preparing a detailed schedule, PRP can help you significantly reduce your taxable income and improve the return on investment of your rural property.

What can be depreciated?

Our comprehensive Rural Tax Depreciation Schedules cover:

1. Structural Improvements

• Shearing Sheds & Yards
• Machinery & Hay Shedding
• Irrigation Infrastructure
• Fencing & Roads
• Water Tanks & Bores

2. Plant & Equipment

• Tractors, Harvesters & Farm Machinery
• Pumps, Generators & Solar Systems
• Grain Storage & Silos
• Dairies & Milking Equipment
• Vineyard Trellising & Irrigation Systems

How to get started...

Getting your Rural Tax Depreciation Schedule is simple:

Contact Us – Reach out to discuss your property and depreciation requirements.
Property Inspection – Our team conducts a throughout onsite inspection of your property.
Comprehensive Report – You receive a detailed, ATO compliant schedule outlining your available deductions.
Claim Deductions – Work with your accountant to maximise your tax benefits.

Who do I talk to?

Ensure you’re making the most of your rural property investment. Contact Preston Rowe Paterson to arrange your Rural Tax Depreciation Schedule today.

Email:

ruraldepreciations@prp.com.au

Phone: 03 5221 9511

Services

Valuation Advice

Compliance

Asset Management