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Depreciation Rates

Depreciation rates and effective lives for all types of investment properties are listed in the table below.

A 2.5% rate means the properties construction cost can be depreciated for 40 years from the date of construction. A 4% rate means that the property can be depreciated for 25 years from the date of construction.

Residential
To be eligible for depreciation tax claims, construction of a residential investment property must have completed on or after 16 September, 1987. The depreciable component (effective life) expires 40 years from the date of construction - 2027 if built in late 1987.

No claim available
Properties acquired after 2010 that were built between 1985 and 1987 have no depreciation claim available.  The depreciable component expired 25 years after they were built as their rate was 4% not 2.5%.  (Note the exact dates in the table below).

Renovation
In most cases a depreciation schedule for buildings constructed prior to the dates specified below becomes financially attractive if significant renovation, additions or alterations occurred after the construction date.  For example a renovation costing $100,000 completed in 2015 attracts a 2.5% claim or $2,500/year for 40 years up to 2055.

  Rate of Depreciation by Building Category and Date's Applicable
  WHEN BUILT   STRUCTURAL
IMPROVEMENTS
  RESIDENTIAL   OTHER COMMERCIAL   MANUFACTURING   HOTELS MOTELS ETC.
  FROM   TO          
  27-Feb-92   TODAY  2.5%   2.5%   2.5%   4.0%   4.0%
  16-Sep-87   26-Feb-92       2.5%   2.5%   2.5%   2.5%
  18-Jul-85   15-Sep-87       4.0%   4.0%   4.0%   4.0%
  22-Aug-84   17-Jul-85           4.0%   4.0%   4.0%
  20-Jul-82   21-Aug-84           2.5%   2.5%   2.5%
  21-Aug-79   19-Jul-82                   2.5%


Order a Tax Depreciation Report

  1. Call (02) 4362 2662 / (02) 9907 7770 and supply some property information
    or
    fill in the online depreciation report order form

  2. We attend your site and record ALL depreciable items.

  3. We send you your tax allowance (depreciation report).
     

    


If you're looking for Prompt, Reliable, Personal Service?


Call us today for a free, no obligation quotation & expert advice!

02 4362 2662 or 02 9907 7770

0434 468 110

peter@depreciation2.com.au

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