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Tax Depreciation Examples

Duplex Unit Depreciation Example 2
Location: Pimpama QLD 4209
Property Type: Unfurnished 2 level, 4 bed, 2 bath duplex unit with single lock up garage
Purchase Price: $439,900
Settlement Date: August 2017
Available for Lease: August 2017
Construction Date: August 2017
Total depreciation calculated for the 1st full year: $9,907
Total depreciation calculated over a 5 year period: $43,743
Total depreciation calculated over a 10 year period: $77,567
Total depreciation calculated over a 40 year period: $254,847

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.