| Location: | Coombabah QLD 4216 |
|---|---|
| Property Type: | Unfurnished, single level, 2 bed, 1 bath duplex unit with single lock up garage |
| Purchase Price: | $352,700 |
| Settlement Date: | July 2016 |
| Available for Lease: | July 2016 |
| Construction Date: | November 1990 |
| Total depreciation calculated for the 1st full year: | $3,905 |
| Total depreciation calculated over a 5 year period: | $15,348 |
| Total depreciation calculated over a 10 year period: | $25,391 |
| Total depreciation calculated over a 40 year period: | $39,319 |
NOTE: The property was purchased on/before 9 May 2017 and was used in the 2016/17 financial year as an investment property. Under the Treasury Laws Amendment (Housing Tax Integrity) Bill 2017 Chapter 2 – Limiting deductions for plant and equipment in residential property, the plant and equipment items identified within the property under Division 40 or Subdivision 328-D are eligible to be deducted under Division 40.
EXAMPLE – Depreciation & Capital Allowances – House & Land Package – Doreen Victoria 3754
<div class="table-wrapper"><!-- [et_pb_line_break_holder] --> <table class="details"><!-- [et_pb_line_break_holder] --> <thead><!-- [et_pb_line_break_holder] --> <tr><!-- [et_pb_line_break_holder] -->...
EXAMPLE – Depreciation & Capital Allowances – House & Land Package – Armstrong Creek Victoria 3217
<div class="table-wrapper"><!-- [et_pb_line_break_holder] --> <table class="details"><!-- [et_pb_line_break_holder] --> <thead><!-- [et_pb_line_break_holder] --> <tr><!-- [et_pb_line_break_holder] -->...
EXAMPLE – Depreciation & Capital Allowances – House & Land Package – Yarrabilba Queensland 4207
<div class="table-wrapper"><!-- [et_pb_line_break_holder] --> <table class="details"><!-- [et_pb_line_break_holder] --> <thead><!-- [et_pb_line_break_holder] --> <tr><!-- [et_pb_line_break_holder] -->...
