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Tax Depreciation Examples

House & Land Package Depreciation Example 3
Location: Yarrabilba QLD 4207
Property Type: 2 level, 4 bed, 2 1/2 bath, dwelling with double lock up garage
Purchase Price: $468,450 (House & Land Package)
Settlement Date: January 2018
Available for Lease: January 2018
Construction Date: January 2018
Total depreciation calculated for the 1st full year: $11,868
Total depreciation calculated over a 5 year period: $46,938
Total depreciation calculated over a 10 year period: $86,962
Total depreciation calculated over a 20 year period: $157,856
Total depreciation calculated over a 30 year period: $227,597
Total depreciation calculated over a 40 year period: $301,050

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.