Tax Depreciation Calculator

An optimised tax depreciation schedule can increase your tax deduction for your Melbourne property significantly. Obtain an estimate for your tax deduction by filling in the details below:

Asset Economics guarantee that you will receive at least 'double our fee worth of deductions' in the first financial year, or the report is free.
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Property type  
     
Floor area   m2 Finish quality
     
Nearest capital city  
     
     
Construction date    
     
Purchase date  
   
 

Tax depreciation schedule Melbourne

Original construction cost (estimated) $ 145 000
 
Plant & Equipment value at time of purchase (estimated) $  

Estimated deductable amounts for the first 10 fiscal years starting from the purchase date.

- using Diminishing Value (DV) cost depreciatation method
- div 40: plant & equipment depreciation
- div 43: building depreciation
Year Div 40 Div 43 Total
1 20 000 3 000 23 000
2 20 000 3 000 23 000
3 20 000 3 000 23 000
4 20 000 3 000 23 000
5 20 000 3 000 23 000
6 20 000 3 000 23 000
7 20 000 3 000 23 000
8 20 000 3 000 23 000
9 20 000 3 000 23 000
10 20 000 3 000 23 000
1st 10 years 20 000 3 000 23 000

 

Disclaimer

The depreciation calculator above is provided as a general guide to allow you to estimate the potential depreciation you may be entitled to claim on a Melbourne property. However, the Calculator is not endorsed by the Australia Taxation Office and uses general assumptions concerning construction type, quality and condition of inclusions and length of ownership. The results produced by the Calculator and the general assumption referred to above may differ from your personal circumstances. You acknowledge and agree you must undertake your own analysis and obtain independent legal, financial and taxation advice before using, relying or acting on any information produced by the Calculator.

Any information produced by the Calculator concerning the anticipated future depreciation of a Melbourne property is not a representation as to future matters. No representation is made that you will be entitled to claim any depreciation amount generated by the Calculator.

Neither Asset Economics, nor its directors, shareholders or advisors make any representation or warranty as to the accuracy or completeness of information produced by the Calculator. Nor will they have any liability to you or any other party for any representations (express or implied) contained in, or any omissions from, that information.