Lien and Ling Consulting
Our Services
Tax Depreciation Report
Just like you claim wear and tear on a car purchased for income producing purposes, you can also claim the depreciation of your investment property against your taxable income.
There are two types of allowances available:
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Plant and Equipment refers to items within the building like ovens, dishwashers, carpet and blinds etc.
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Building Allowance refers to construction costs of the building itself, such as concrete and brickwork. Both these costs can be offset against your assessable income.
Tax Depreciation isn’t just for new properties or those built after 1985. Write-off reporting is an effective way of maximising your depreciation entitlements when a building is completely or partially demolished, whether it be from renovation, redevelopment or destruction.
Financier Report
Identify and ensure that the financier understands the construction risks in their projects and is kept constantly up-to-date on the status of key milestones and events which may impact on a project.
We will sit down with the financier to understand their needs and develop a standard brief that we can apply to the project. Often we will play an independent audit role between financier and the developer – providing a check to ensure that internal financier’s policies are met.
Feasibility Report
How to tell if your development if feasible?
A detailed feasibility study will essentially tell you whether your proposed development will be an
astounding success or a dreadful flop.
It will highlight any potential problems or risks you may face along the way and whether those issues might make or break the entire project, such as; suitability of the site and what you can actually build on it, planning approval, dealing with the local council, addressing objections from neighbours, budget overruns and so forth.
Replacement Cost Report
As an industry professional, we have the knowledge to undertake a replacement cost estimate on a day-to-day basis. The estimate will take into consideration of the following:
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demolition of the damaged property
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design fees
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other professional fees
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escalation during the design and construction
With the replacement cost estimate, the property owner will have sufficient insurance cover to protect their assets and not over paying on the insurance premiums.
Asset Register Report
The asset register keeps asset information as well as an historical record of both financial and non- financial information over each asset's life-cycle.
The asset register is a key to understand in detail what assets are owned and controlled by an entity and, depending on the complexity of information entered, can be used to determine the following:
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the likely current condition of assets
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when assets need to be replaced
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asset locations
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asset custodians for stocktakes
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life cycle costs by asset, program and business activity.
Life Cycle Cost Analysis Report
Life Cycle Costing is a process to determine the sum of all the costs associated with an asset or part thereof, including acquisition, installation, operation, maintenance, refurbishment and disposal costs. It is pivotal to the asset management process as an input to the evaluation of alternatives via Economic Appraisal, Financial Appraisal, Value Management, Risk Management and Demand Management.
Life Cycle Costing adds all the costs of alternatives over their life period and enables an evaluation on a common basis for the period of interest (usually using discounted costs). This enables decisions on acquisition, maintenance, refurbishment or disposal to be made in the light of full cost implications.