Property Investors

PropertyWealth Depreciation Schedules

Many investors are able to improve the return on their property investment and produce a healthier cash flow by maximising the available tax deductions.

At Property Wealth our core focus is on preparing Taxation Depreciation Schedules for property investors. Our research is ongoing, keeping us up to date with the continually changing legislation that relates to construction and depreciation claims.
Our Taxation Depreciation Schedules are prepared in accordance with the current legislation and do not exceed the boundaries of the law.


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For the Investor

Does your income producing building/investment property qualify for the Division 43 Construction Allowance? The Division 43 Construction Allowance qualifies if your residential investment property was built on or after 18 July 1985 and amounts to either 4% or 2.5% of your portion of the construction costs of the whole unit complex or dwelling. In addition, structural improvements such as concrete driveways, fencing, clothes lines etc can also be claimed where construction commenced on or after 27 February 1992.

Please refer table below to see if you qualify. Commencement dates refer to the actual construction start date.

Building Classification

Rate

Commencement Dates

Traveler Accommodation

2.5%

21 Aug 1979 to 21 Aug 1984

(Hotels, Motels) 4.0% 22 Aug 1984 - 15 Sep 1987
  2.5% 16 Sep 1987 - 26 Feb 1992
  4.0% 27 Feb 1992 - present
     
Manufacturing 2.5% 20 Jul 1982 - 21 Aug 1984
(Building used for processing of raw materials etc.) 4.0% 22 Aug 1984 - 15 Sep 1987
  2.5% 16 Sep 1987 - 26 Feb 1992
  4.0% 27 Feb 1992 - present
     
Non Residential 2.5% 20 Jul 1982 - 21 Aug 1984
(Commercial,industrial, retail) 4.0% 22 Aug 1984 - 15 Sep 1987
  2.5% 16 Sep 1987 - present
     
Residential 4.0% 18 Jul 1985 - 15 Sep 1987
(Dwellings, units, townhouses) 2.5% 16 Sep 1987 - present
     
Structural Improvements 2.5% 27 Feb 1992 - present
(Fences, paving, retaining walls,septic tanks,water tanks etc.)    
     

 

 

 


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