| Location: | Surfers Paradise QLD 4217 |
|---|---|
| Property Type: | Furnished 1 bed, 1 bath unit in highrise complex |
| Purchase Price: | $524,000 |
| Settlement Date: | November 2016 |
| Available for Lease: | November 2016 |
| Construction Date: | March 2016 |
| Total depreciation calculated for the 1st full year: | $18,765 |
| Total depreciation calculated over a 5 year period: | $79,694 |
| Total depreciation calculated over a 10 year period: | $149,687 |
| Total depreciation calculated over a 40 year period: | $335,365 |
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.
EXAMPLE – Depreciation & Capital Allowances – Flats – Biggera Waters Queensland 4216
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EXAMPLE – Depreciation & Capital Allowances – Flats/Multi Family – Morayfield Queensland 4506
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EXAMPLE – Depreciation & Capital Allowances – Flats/Multi Family – Griffin Queensland 4503
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