Depreciation Estimates

Estimate of depreciation claimable

Typical 2 bedroom apartment | Purchase price $460,000

Maximum

Year Plant & Equipment Division 43 Total
1 6,509 6,067 12,576
2 5,391 6,067 11,458
3 3,840 6,067 9,907
4 2,992 6,067 9,059
5 2,177 6,067 8,244
6 1,992 6,067 8,059
7 1,576 6,067 7,643
8 1,098 6,067 7,165
9 790 6,067 6,857
10 595 6,067 6,662
11+ 4,666 181,974 186,640
Total $31,626 $242,644 $274,270

 

Minimum

Year Plant & Equipment Division 43 Total
1 5,325 4,964 10,289
2 4,411 4,964 9,375
3 3,142 4,964 8,106
4 2,448 4,964 7,412
5 1,781 4,964 6,745
6 1,630 4,964 6,594
7 1,290 4,964 6,254
8 898 4,964 5,862
9 646 4,964 5,610
10 487 4,964 5,451
11+ 3,818 148,888 152,706
Total $25,876 $198,528 $224,404

 

This is an estimate only and should not be applied or acted upon. Depreciation of plant is based on the diminishing value method of depreciation, applying low-value pooling. The Division 43 write-off allowance is calculated using 2.5% of 4%, depending on the property type and date of construction. This estimate is based upon legislation in force at the date of report production.

This estimate cannot be used for taxation purposes.

Depreciation tax estimate kindly supplied by BMT Quantity Surveyors.