Location: | Surfers Paradise QLD 4217 |
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Property Type: | Furnished, refurbished, 2 bed, 2 bath unit in highrise complex |
Purchase Price: | $467,000 |
Settlement Date: | July 2016 |
Available for Lease: | July 2017 |
Construction Date: | July 1998 |
Total depreciation calculated for the 1st full year: | $11,863 |
Total depreciation calculated over a 5 year period: | $48,456 |
Total depreciation calculated over a 10 year period: | $60,288 |
Total depreciation calculated over a 40 year period: | $65,576 |
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 – House & Land Package – Doreen Victoria 3754
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EXAMPLE – Depreciation & Capital Allowances – House & Land Package – Armstrong Creek Victoria 3217
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EXAMPLE – Depreciation & Capital Allowances – House & Land Package – Yarrabilba Queensland 4207
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