CBRE adds residential to their tax depreciation services

Less than 12 months ago CBRE launched their capital allowances business in Australia, adding to services offered in the UK and the US, and now they’re expanding the offering to include a residential tax depreciation platform.

The Capital Allowances division specializes in depreciation schedules and association advisory services, such as preparing property reinstatement costs and replacement cost assessments. Previously, they’d be focused on commercial sectors.

CBRE Capital Allowances national director Neale Scott said that they would capitalize on the residential valuations business to create a new national platform covering all metropolitan locations.

“With the advantage of a strong performing residential valuation business, we are in an ideal position to offer market leading pricing, report and delivery times,” Scott said.

“Having recently undertaken some of the largest assignments in the commercial Agribusiness sections, the addition of a residential platform enables us to offer a full suite of property and tax depreciation services across all sectors.”