House and Land Package Depreciation Examples
EXAMPLE – Depreciation & Capital Allowances – House & Land Package – Doreen Victoria 3754
| Location: | Doreen VIC 3754 |
|---|---|
| Property Type: | Single level, 4 bed, 2 bath dwelling with double lock up garage |
| Purchase Price: | $493,260 (House & Land Package) |
| Settlement Date: | January 2018 |
| Available for Lease: | January 2018 |
| Construction Date: | January 2018 |
| Total depreciation calculated for the 1st full year: | $10,342 |
| Total depreciation calculated over a 5 year period: | $40,827 |
| Total depreciation calculated over a 10 year period: | $76,411 |
| Total depreciation calculated over a 20 year period: | $136,457 |
| Total depreciation calculated over a 30 year period: | $193,316 |
| Total depreciation calculated over a 40 year period: | $251,959 |
NOTE: Purchased post 9 May 2017 unable to claim depreciation on existing plant & equipment items at time of purchase under the Treasury Laws Amendment (Housing Tax Integrity) Bill 2017 Chapter 2 – Limiting deductions for plant and equipment in residential property. If new plant and equipment items are purchased and installed by the owner, they are able to claim depreciation on those plant & equipment items providing they are new and only used for income generating purposes.
EXAMPLE – Depreciation & Capital Allowances – House & Land Package – Armstrong Creek Victoria 3217
| Location: | Armstrong Creek VIC 3217 |
|---|---|
| Property Type: | Single level, 4 bed, 2 bath, dwelling with double lock up garage |
| Purchase Price: | $421,175 (House & Land Package) |
| Settlement Date: | January 2018 |
| Available for Lease: | January 2018 |
| Construction Date: | January 2018 |
| Total depreciation calculated for the 1st full year: | $11,011 |
| Total depreciation calculated over a 5 year period: | $43,127 |
| Total depreciation calculated over a 10 year period: | $78,440 |
| Total depreciation calculated over a 20 year period: | $134,377 |
| Total depreciation calculated over a 30 year period: | $186,913 |
| Total depreciation calculated over a 40 year period: | $240,776 |
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 – House & Land Package – Yarrabilba Queensland 4207
| Location: | Yarrabilba QLD 4207 |
|---|---|
| Property Type: | 2 level, 4 bed, 2 1/2 bath, dwelling with double lock up garage |
| Purchase Price: | $468,450 (House & Land Package) |
| Settlement Date: | January 2018 |
| Available for Lease: | January 2018 |
| Construction Date: | January 2018 |
| Total depreciation calculated for the 1st full year: | $11,868 |
| Total depreciation calculated over a 5 year period: | $46,938 |
| Total depreciation calculated over a 10 year period: | $86,962 |
| Total depreciation calculated over a 20 year period: | $157,856 |
| Total depreciation calculated over a 30 year period: | $227,597 |
| Total depreciation calculated over a 40 year period: | $301,050 |
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.
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