Get Maximum Depreciation With A Brand New Investment Property
New investment properties are treated favorably by the ATO. Depreciation can be claimed on the structural elements and the fixtures and fittings/assets. With pre-existing properties the assets cannot be Depreciated,
For a property to be considered new for tax purposes it must be brand new at the time it became an investment for the current owner. If it was a primary place of residence for the current owner before becoming an investment it is no longer considered ‘new’.
There is also a 6-month grace period from the date of completion where the property is still considered new. This is common when buying a completed property from a developer.
Have you got clients who might be missing out on depreciation deductions? Call us on 1300 660033 or email firstname.lastname@example.org today with the address of the property for a free and no-obligation assessment so you have some good news next time you speak to your client.
Depreciation Includes Capital Works & Assets
|3 – 4 Bedroom House||Construction Cost (excluding land)||Depreciation 1st Full Year||5 Year Depreciation|
|Typical 3-4 Bedroom project home||$200,000||$8,100||$38,800|
|2- 3 Bedroom Townhouse||Build Quality||Depreciation 1st Full Year||5 Year Depreciation|
|Typical 2 Bedroom townhouse with minimal common property||Average||$7500||$36,000|
|Luxury Architect Designed||$14,200||$66,250|
|2 Bedroom Walkup Apartment||Build Quality||Depreciation 1st Full Year||5 Year Depreciation|
|Typical 2 Bedroom apartment in building with no lift||Average||$8,450||$34,900|
|Luxury Architect Designed||$13,000||$51,350|
|2 Bedroom Highrise Apartment||Build Quality||Depreciation 1st Full Year||5 Year Depreciation|
|Typical 2 Bedroom apartment in a medium or highrise development||Average||$10,000||$41,300|
|Luxury Architect Designed||$18,600||$73,400|
Want a printable copy? New Build Depreciation Estimates Quick Guide
These figures are a guide only and the most accurate number is having the property reviewed by on of our Quantity Surveyors