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Tax Depreciation Examples

House Purchased On/Before 9 May 2017 Depreciation Example 2
Location: Pottsville NSW 2489
Property Type: 2 level, 5 bed, 2 bath, dwelling with double lockup garage
Purchase Price: $468,000
Settlement Date: April 2012
Available for Lease: April 2017
Construction Date: July 2009
Total depreciation calculated for the 1st full year: $9,422
Total depreciation calculated over a 5 year period: $35,579
Total depreciation calculated over a 10 year period: $71,901
Total depreciation calculated over a 40 year period: $227,314

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.