Are you claiming your share of common property depreciation?
Improve the performance of the property you own.
Best for: Strata owners without a current depreciation schedule
Owners in strata or unit properties are entitled to a depreciation share of common property assets, lifts, shared roof structures, pool equipment, but this is sometimes missed if a schedule wasn't prepared with the full building in mind.
Why this matters
Common property depreciation can be a meaningful and easily overlooked deduction, particularly in larger complexes with substantial shared infrastructure.
What to check
- Whether your existing depreciation schedule includes a common property component at all
- The building's overall common property asset value, if known
- Your lot entitlement percentage, which determines your share
Who can help
Quantity surveyor
Whether your schedule includes your entitled share of common property depreciation.
TAKE ACTION · DOCUMENT REQUEST
Copy template
Copy this request and send it to your quantity surveyor.
USE AI TO HELP
Use AI to organise your strata documents into a clean brief for your quantity surveyor.
Best prompt for this issue
Help me prepare a brief for a quantity surveyor about common property depreciation for my strata property. Using the documents I describe, summarise the building details, my lot entitlement, and any recent common property works, and list what the QS will likely need from me. Do not attempt to determine what is claimable.
Quick modes
WHAT TO PROVIDE
- strata plan / lot entitlement details
- building age and any major works
- current depreciation schedule if you have one
ASK AI TO GIVE YOU
- a short summary of the situation
- the main issue
- missing information
- risks to investigate
- questions to ask
- the next three actions
Privacy: do not paste passwords, tax file numbers, bank account details or other sensitive personal information into an AI tool. If a document contains personal details it doesn't need, redact them before uploading.
What happens next
If your schedule doesn't currently include this, your QS can typically add it without needing a full new inspection.
Important considerations
- Not every complex has a meaningful common property depreciation opportunity — older or smaller complexes may have limited remaining value, but it costs nothing to check.
- This is general information, not personal financial or legal advice. Confirm specifics with your own adviser before acting.
THE HOLD QUESTION
Are you only claiming what's inside your own four walls?
NOT SURE WHAT TO ASK AI?
Ask a Better Property Question
Most people don't need more AI — they need to ask AI better questions. Type your question (or skip it) and copy a prompt that makes any AI tool ask you the right things first.
I am trying to understand this property issue. Before answering, identify any important information that is missing. Ask me only the questions that materially affect the answer. Once I respond, explain the issue in plain English, separate facts from assumptions, identify the main risks and give me the next three actions. Flag anything that should be confirmed with a qualified professional.
Privacy: do not paste passwords, tax file numbers, bank account details or other sensitive personal information into an AI tool. If a document contains personal details it doesn't need, redact them before uploading. This is a way to prepare — not financial, tax or legal advice.
Not sure what else to review?
Run the Annual HOLD CheckRelated HOLD Tips
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