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Tax Depreciation Examples

Low/Medium Rise Unit Depreciation Example 1
Location: Southport QLD 4215
Property Type: Unfurnished 2 bed, 1 bath unit in medium rise complex
Purchase Price: $435,900
Settlement Date: February 2017
Available for Lease: February 2017
Construction Date: December 2016
Total depreciation calculated for the 1st full year: $12,462
Total depreciation calculated over a 5 year period: $50,621
Total depreciation calculated over a 10 year period: $96,272
Total depreciation calculated over a 40 year period: $337,419

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.