Low & Medium Rise Unit Complex’s
EXAMPLE – Depreciation & Capital Allowances – Low/Medium Rise Unit – Southport QLD 4215
| Location: | Southport QLD 4215 |
|---|---|
| Property Type: | Unfurnished 2 bed, 1 bath unit in medium rise complex |
| Purchase Price: | $435,900 |
| Settlement Date: | February 2017 |
| Available for Lease: | February 2017 |
| Construction Date: | December 2016 |
| Total depreciation calculated for the 1st full year: | $12,462 |
| Total depreciation calculated over a 5 year period: | $50,621 |
| Total depreciation calculated over a 10 year period: | $96,272 |
| Total depreciation calculated over a 40 year period: | $337,419 |
NOTE: The property comprises a new residential premise and is not affected by the Treasury Laws Amendment (Housing Tax Integrity) Bill 2017 Chapter 2 – Limiting deductions for plant and equipment in residential property.
EXAMPLE – Depreciation & Capital Allowances – Low/Medium Rise Unit – Carlton VIC 3053
| Location: | Carlton VIC 3053 |
|---|---|
| Property Type: | Unfurnished 1 bed, 1 bath unit in medium rise complex |
| Purchase Price: | $429,500 |
| Settlement Date: | July 2017 |
| Available for Lease: | July 2017 |
| Construction Date: | May 2017 |
| Total depreciation calculated for the 1st full year: | $10,328 |
| Total depreciation calculated over a 5 year period: | $44,414 |
| Total depreciation calculated over a 10 year period: | $76,700 |
| Total depreciation calculated over a 40 year period: | $250,348 |
NOTE: The property comprises a new residential premise and is not affected by the Treasury Laws Amendment (Housing Tax Integrity) Bill 2017 Chapter 2 – Limiting deductions for plant and equipment in residential property.
EXAMPLE – Depreciation & Capital Allowances – Low/Medium Rise Unit – Teneriffe Queensland 4005
| Location: | Teneriffe QLD 4005 |
|---|---|
| Property Type: | Unfurnished 3 bed, 2 bath unit in low rise complex |
| Purchase Price: | $370,500 |
| Settlement Date: | January 2007 |
| Available for Lease: | October 2016 |
| Construction Date: | November 1998 |
| Total depreciation calculated for the 1st full year: | $1,022 |
| Total depreciation calculated over a 5 year period: | $13,536 |
| Total depreciation calculated over a 10 year period: | $25,099 |
| Total depreciation calculated over a 40 year period: | $54,456 |
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.
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