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Tax Depreciation Examples

House & Land Package Depreciation Example 2
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.