Duplex Unit Depreciation Examples
EXAMPLE – Depreciation & Capital Allowances – Townhouse/Duplex Unit – Mount Coolum Queensland 4573
| Location: | Mount Coolum Queensland 4573 |
|---|---|
| Property Type: | Furnished, 2 level, duplex unit with 2 kitchen, 8 bed, 4 1/2 bath, double lock up garage & inground pool |
| Purchase Price: | N/A |
| Settlement Date: | August 2017 |
| Available for Lease: | August 2017 |
| Construction Date: | August 2017 |
| Total depreciation calculated for the 1st full year: | $34,063 |
| Total depreciation calculated over a 5 year period: | $150,358 |
| Total depreciation calculated over a 10 year period: | $262,565 |
| Total depreciation calculated over a 40 year period: | $851,289 |
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 – Townhouse/Duplex Unit – Pimpama Queensland 4209
| Location: | Pimpama QLD 4209 |
|---|---|
| Property Type: | Unfurnished 2 level, 4 bed, 2 bath duplex unit with single lock up garage |
| Purchase Price: | $439,900 |
| Settlement Date: | August 2017 |
| Available for Lease: | August 2017 |
| Construction Date: | August 2017 |
| Total depreciation calculated for the 1st full year: | $9,907 |
| Total depreciation calculated over a 5 year period: | $43,743 |
| Total depreciation calculated over a 10 year period: | $77,567 |
| Total depreciation calculated over a 40 year period: | $254,847 |
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 – Townhouse/Duplex Unit – Coombabah Queensland 4216
| 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.
Get Bigger Returns From Your Investment Property Now
Don’t miss out on legitimate tax deductions! Call us on 1300 782 715/+61 402 414 134 or request a quote.
