Calculator
Tax Depreciation (Residential)
Indicative first-year depreciation deductions for a residential investment property — Div 43 capital works + Div 40 plant & equipment.
Export
Year-1 deduction (indicative)
$15,400
Combined Div 43 + Div 40
Capital works (Div 43)
$7,000
2.5% of construction cost p.a.
Plant & equipment (Div 40)
$8,400
Diminishing value approx — Year 1
Estimated tax refund
$5,698
At 37% marginal rate
Post-9 May 2017, plant & equipment depreciation can only be claimed on items you personally bought brand-new (or that came with a brand-new property). Capital works (the building itself) is unaffected. A registered Quantity Surveyor's report is required to claim — typically pays for itself in year one.
General information only. Calculations are indicative, based on simplified rules current at FY2024–25, and exclude items such as foreign buyer surcharges, off-the-plan concessions, principal-place-of-residence rules and lender policy variation. Always verify with your accountant, broker and the relevant State Revenue Office calculator before transacting.