Location: | Pottsville NSW 2489 |
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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.
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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