Tyron Hyde Tyron Hyde
Author

About Tyron Hyde

Tyron Hyde is the CEO of Washington Brown Quantity Surveyors. He is regarded as one of the industry's leading experts in property tax depreciation, is regularly quoted in the media & asked to speak at conferences.

Tyron hosts a podcast called "Ten with Ty" where he interviews Australia's most successful investors as a lasting legacy for his daughter and followers, teaching them how to build and maintain wealth.

Learn more

Tyron has a Degree in Construction Economics (UTS) and is a Fellow of the Australian Institute of Quantity Surveyors. He began his career at Washington Brown in 1993 as a wide-eyed intern looking for a break in the industry. Twenty eight years later, he is now the sole owner of Washington Brown Depreciation Pty. Ltd.

With his passion and knowledge of property depreciation, Tyron is a regular speaker at industry conferences and is often quoted in national media. He has also published numerous articles and books including his popular Keep Claiming It book.

Director at Washington Brown Depreciation University of Technology Sydney Property Depreciation, Quantity Surveyors

Investment Property Depreciation
#Tax Depreciation Schedule

Client Name and Unit Number have been altered for privacy.

Having recently settled on an off-the-plan apartment in Clayton, Victoria, Paul’s accountant suggested he contact Washington Brown to maximise his tax deductions.

The 74sqm, 2 bedroom, 2 bathroom apartment was purchased for $559,000 in 2020.

Floor Plan of Paul’s 2 Bedroom Apartment

As Paul was the first owner and had never occupied the property himself, he was eligible to claim deductions on both the structural elements (Building Write Off Allowance / DIV 43) and the fixtures/fittings (Plant & Equipment / DIV 40).

Washington Brown was able to achieve the below, ATO-compliant deductions for Paul. As he settled in August, the first years’ figures show the maximum deductions available based on 11 months’ ownership in that financial year.

By forwarding the depreciation schedule files to his accountant, Paul benefited from a first year tax depreciation deduction of almost $17,000. The schedule/report detailed over $300,000 worth of deductions over the full 40-year period.

Note: Please scroll across on mobile to view full deductions.

Financial Year Plant & Equipment Low Value Pool Assets Capital Works Deductions Amount Claimable
2020 / 2021 $9,674 $1,109 $6,113 $16,895
2021 / 2022 $4,095 $1,802 $6,680 $12,577
2022 / 2023 $3,322 $1,126 $6,680 $11,128
2023 / 2024 $2,731 $704 $6,680 $10,115
2024 / 2025 $2,271 $440 $6,680 $9,391

To view the full depreciation schedule, including an individual asset break up and Prime Cost deductions, you can download a copy here.

Or to see how much you could potentially claim on your own property, try our free Depreciation Calculator below.

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Depreciation Schedule Calculator

FIRST 10 YEAR TOTAL CLAIM

$35,234

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Want to order a depreciation schedule? Get a quote here.