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Tax Depreciation For A Residential Unit – 1 Bedroom & 1 Bathroom

Case Study

Residential Tax Depreciation

Residential Unit

  • This indicative schedule is based on a 1 bedroom, one bathroom residential unit. It is to be used as a guide only and as such cannot be used or relied upon for Taxation Purposes.
  • The Division 40 Assets have been calculated using the diminishing value method and the first year is based on a full financial year (365 days).
  • Acumentis has prepared this indicative schedule for marketing purposes only and does not give any warranty or accept liability, of any kind, for loss and damage as a result

Minimum

Year Division 40 Assets Division 43 Capital Works Total Deductions
Year 1 $3,674 $5,726 $9,400
Year 2 $3,673 $5,726 $9,399
Year 3 $2,982 $5,726 $8,708
Year 4 $2,076 $5,726 $7,802
Year 5 $1,655 $5,726 $7,381
Year 6 $1,370 $5,726 $7,096
Year 7 $939 $5,726 $6,665
Year 8 $660 $5,726 $6,386
Year 9 $475 $5,726 $6,201
Year 10 $355 $5,726 $6,081
Year 11+ $1,541 $171,786 $173,327
TOTAL $19,400 $229,046 $248,446

 

Maximum

Year Division 40 Assets Division 43 Capital Works Total Deductions
Year 1 $4,445 $6,929 $11,374
Year 2 $4,444 $6,929 $11,373
Year 3 $3,608 $6,929 $10,537
Year 4 $2,512 $6,929 $9,441
Year 5 $2,003 $6,929 $8,932
Year 6 $1,658 $6,929 $8,587
Year 7 $1,136 $6,929 $8,065
Year 8 $799 $6,929 $7,728
Year 9 $575 $6,929 $7,504
Year 10 $429 $6,929 $7,358
Year 11+ $1,865 $207,862 $209,727
TOTAL $23,474 $76,219 $300,626

Cash flow increase over 3 years

 

Taxable Income Savings
$18,201 – $45,000 $6,324
$45,001 – $120,000 $10,817
$120,001 – $180,000 $12,315
$180,001 & over $14,978

 

Why choose Acumentis

Have one point of contact for all of your client’s property needs.

Knowledge and experience

Our registered team of professionally certified valuers are experts across commercialresidential and rural and agribusiness property types. We know what depreciable items to look for ensuring that you get a comprehensive ATO approved depreciation schedule prepared by our certified Quantity Surveyors.

Value

We’ll provide you with one tax depreciation schedule that lasts up to 40 years of claim and the fee is 100% tax deductible. We can also undertake a retrospective tax depreciation schedule if you haven’t been claiming deductions so that you don’t miss the tax benefits.

National reach

Wherever you are in Australia a qualified Acumentis property professional is nearby. With over 300 property professionals working from 45 offices in metropolitan, regional and rural Australia our team have your property and tax depreciation needs covered.

Your team of
tax depreciation experts

State contacts
Daniel Carr
Valuer
Newcastle
Heath Craft
Senior Valuer
Albury
Maria Ergos
Client Services Team Leader
Sydney Residential
Justine Franklin
Associate Director
Albury - Wodonga
Matthew Galvin
Associate Director
Toowoomba
Henry Brown
Director
Brisbane
Wayne Airey
Associate Director
Sunshine Coast
Jany Pezard
Director - Valuations
Sunshine Coast
Joe Porter
Senior Valuer
Adelaide
Craig Farley
Valuer
Adelaide
Mark Robins
State Director SA
Adelaide
William Simmonds
Valuer
Hobart
Leon Sleiters
Valuer
Hobart
Harry Chapman
Valuer
Launceston
Harry Chapman
Valuer
Launceston
Joe Stansfield
Regional Director - Tasmania (North)
Launceston
David Duffield
Regional Director - Tasmania (South)
Hobart
Mitchell Fraser
Senior Valuer
Bunbury
Felicity Graham
Senior Valuer
Bunbury
Scott Robinson
Regional Director
Mandurah
Richard Graham
Regional Director - South West
Bunbury
Mark Eaton
Regional Director
Albany
Damien Schifferli
Regional Director - South West WA
Busselton
Daniel Carr
Valuer
Newcastle
Heath Craft
Senior Valuer
Albury
Maria Ergos
Client Services Team Leader
Sydney Residential
Justine Franklin
Associate Director
Albury - Wodonga
Matthew Galvin
Associate Director
Toowoomba
Henry Brown
Director
Brisbane
Wayne Airey
Associate Director
Sunshine Coast
Jany Pezard
Director - Valuations
Sunshine Coast
Joe Porter
Senior Valuer
Adelaide
Craig Farley
Valuer
Adelaide
Mark Robins
State Director SA
Adelaide
William Simmonds
Valuer
Hobart
Leon Sleiters
Valuer
Hobart
Harry Chapman
Valuer
Launceston
Harry Chapman
Valuer
Launceston
Joe Stansfield
Regional Director - Tasmania (North)
Launceston
David Duffield
Regional Director - Tasmania (South)
Hobart
Mitchell Fraser
Senior Valuer
Bunbury
Felicity Graham
Senior Valuer
Bunbury
Scott Robinson
Regional Director
Mandurah
Richard Graham
Regional Director - South West
Bunbury
Mark Eaton
Regional Director
Albany
Damien Schifferli
Regional Director - South West WA
Busselton

How can we help you with your property needs?

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