| Location: | Teneriffe QLD 4005 |
|---|---|
| Property Type: | Unfurnished 3 bed, 2 bath unit in low rise complex |
| Purchase Price: | $370,500 |
| Settlement Date: | January 2007 |
| Available for Lease: | October 2016 |
| Construction Date: | November 1998 |
| Total depreciation calculated for the 1st full year: | $1,022 |
| Total depreciation calculated over a 5 year period: | $13,536 |
| Total depreciation calculated over a 10 year period: | $25,099 |
| Total depreciation calculated over a 40 year period: | $54,456 |
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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