Do Quantity Surveyors Inspect an Investment Property?

This is the forth of seven special contributions to our blog from Tracey Lunniss, quantity surveyor, director of TSL Project Services Pty Ltd, our expert advisor on tax depreciation reports for investment property.

"Some Quantity Surveyors do not undertake inspections."

If your chosen Quantity Surveyor asks you to undertake the inspection yourself or says that no inspection is required, they are not working within the Australian Institute of Quantity Surveyors Guidelines. Be careful also if they ask you to complete the work for them and they just prepare the report – with no liability, as you have provided the information. The reason the ATO has specified that Quantity Surveyors prepare the Tax Depreciation Reports is because of their qualifications and knowledge of buildings. Just think; would you know the total m2 area of carpet in a 30 storey building?

Thoroughly review any marketing material you receive from the Quantity Surveyor you are considering. Make sure the marketing material gives you the Company’s full contact details, including a physical address, phone number and contact names. You want to be able to contact the person working on your project any time during the process. Every report prepared by TSL Project Services is by a Qualified Quantity Surveyor.

This report was brought to you by:
Tracey Lunniss, BSc (Hons) (QS), MRICS, AAQIS, Chartered Quantity Surveyor and Associate Director TSL Project Services Pty. Ltd.

National Office: Unit 10 / Knobel Court, Hyperdome Technology Park Commercial Centre,Shailer Park, QLD, 4128
Tel: 1300 792 360
Web site: http://www.tslprojectservices.com.au/
Email: tracey@tslprojectservices.com.au

Regards
David Maynard
My Tax Zone

Copyright 2014. My Tax Zone.