Location: | Biggera Waters QLD 4216 |
---|---|
Property Type: | 3 Level flat building comprising 10 flats with undercover carparking 10 x 2 bed, 2 bath flats |
Purchase Price: | Not disclosed |
Settlement Date: | November 2017 |
Construction Date: | November 2017 |
Total depreciation calculated for the 1st full year: | $96,336 |
Total depreciation calculated over a 5 year period: | $416,751 |
Total depreciation calculated over a 10 year period: | $793,693 |
Total depreciation calculated over a 40 year period: | $2,816,500 |
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 Purchased On/Before 9 May 2017 – Pottsville New South Wales 2489
<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 Purchased On/Before 9 May 2017 – Cannon Hill Queensland 4170
<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 Purchased Post 9 May 2017 – Wellington Point Queensland 4160
<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] -->...