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Tax Depreciation Examples

Flats/Multi Family Depreciation Example 2
Location: Morayfield QLD 4506
Property Type: 2 flats – not strata titled
Flat 1: 3 bed, 2 bath, single lock up garage
Flat 2: 2 bed, 1 bath, single lock up garage
Purchase Price: $532,462 (House & Land Package)
Settlement Date: November 2017
Construction Date: November 2017
Total depreciation calculated for the 1st full year: $12,808
Total depreciation calculated over a 5 year period: $52,205
Total depreciation calculated over a 10 year period: $93,364
Total depreciation calculated over a 20 year period: $161,549
Total depreciation calculated over a 30 year period: $227,765
Total depreciation calculated over a 40 year period: $296,662

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.