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Tax Depreciation Examples

Low/Medium Rise Unit Depreciation Example 2
Location: Carlton VIC 3053
Property Type: Unfurnished 1 bed, 1 bath unit in medium rise complex
Purchase Price: $429,500
Settlement Date: July 2017
Available for Lease: July 2017
Construction Date: May 2017
Total depreciation calculated for the 1st full year: $10,328
Total depreciation calculated over a 5 year period: $44,414
Total depreciation calculated over a 10 year period: $76,700
Total depreciation calculated over a 40 year period: $250,348

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.