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Tax Depreciation Examples

Duplex Unit Depreciation Example 1
Location: Mount Coolum Queensland 4573
Property Type: Furnished, 2 level, duplex unit with 2 kitchen, 8 bed, 4 1/2 bath, double lock up garage & inground pool
Purchase Price: N/A
Settlement Date: August 2017
Available for Lease: August 2017
Construction Date: August 2017
Total depreciation calculated for the 1st full year: $34,063
Total depreciation calculated over a 5 year period: $150,358
Total depreciation calculated over a 10 year period: $262,565
Total depreciation calculated over a 40 year period: $851,289

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.