With tax time fast approaching, commercial landlords are turning their attention to ways they can strengthen their investment returns. At Bromley Real Estate, our commercial property management team works closely with clients to ensure their assets are performing at their best.
A key part of this approach is our focus on proactive asset management. We help clients maintain strong relationships with tenants, ensure rental payments are kept up to date, and develop tailored maintenance schedules that reduce the risk of costly, unexpected repairs while meeting compliance standards.
We also collaborate with professional quantity surveyors to help landlords unlock maximum depreciation benefits. This partnership becomes especially valuable when planning capital works, fit-outs or major maintenance projects. While our property managers bring local market insight and leasing expertise, quantity surveyors contribute in-depth knowledge of construction costs and tax-effective depreciation schedules.
This collaboration allows us to:
- identify upgrades that appeal to tenants and the broader market;
- control project costs and timelines;
- structure lease terms or incentives with financial clarity;
- support smarter long-term investment decisions.
For example, during a refurbishment, quantity surveyors can provide detailed costings and timelines that enable our team to negotiate with tenants transparently and deliver works efficiently.
Their depreciation schedules also inform leasing strategies and tax planning so clients don’t leave any money on the table.
According to tax depreciation specialists BMT, there are still a few common myths that hold some investors back:
- “My property is too old” – Not true. Even older commercial properties can provide valuable depreciation deductions; you just need to explore each property on a case-by-case basis.
- “You can’t claim deductions if the property isn’t leased” – Also incorrect. As long as the property is genuinely available for lease, there are still opportunities for deductions can still be claimed.
From structural components like roofs and walls to plant and equipment such as lighting, owners can claim depreciation on a wide range of assets.
But no two commercial properties are the same, which is why working with an ATO-recognised quantity surveyor is essential to an effective and tax-compliant depreciation strategy.
At Bromley Real Estate, we’ve been working in tandem with quantity surveyors for decades. If you’d like our recommendations on how to explore depreciation most effectively this tax season, contact us today.