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.

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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.

Marie came to Washington Brown looking to maximise her tax depreciation deductions, having purchased a second-hand investment property in 2018.

The house was originally built in 2000 and was purchased for $1,200,000 in 2018.

The two storey house consisted of 4 bedrooms, 2 bathrooms and a double garage, with a total internal area of 304sqm.

A detailed blueprint or Floor-Plan of a 2-storey house, illustrating the layout, dimensions, and arrangement of rooms across both the ground and upper levels.

Since Marie purchased her property after 9 May 2017 and it was not brand new, she was unable to claim deductions for fixtures or fittings under Plant & Equipment (Division 40). According to the Australian Taxation Office’s guidelines, second-hand residential properties generally no longer qualify for these deductions. However, certain expenses, such as repairs to investment property, could still be claimed.

Marie’s report from Washington Brown allowed her to claim the yearly deductions displayed below. The first year figures are specific to Marie’s settlement date in mid-August (slightly less than full financial years’ ownership).

By providing the Washington Brown rental property depreciation schedule files to her accountant, Marie was able to claim over $8000 in her 2019/2020 tax return. In addition, she was also able to amend her 2018/2019 tax return to claim an extra $7,396. This gave her a total deduction of over $15,000.

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

Financial Year Capital Works Deductions Plant & Equipment Low Value Pool Assets Amount Claimable
2018 / 2019 $7,396 $0 $0 $7,396
2019 / 2020 $8,436 $0 $0 $8,436
2020 / 2021 $8,436 $0 $0 $8,436
2021 / 2022 $8,436 $0 $0 $8,436
2022 / 2023 $8,436 $0 $0 $8,436

You can access the full depreciation schedule to see the complete breakdown of eligible deductions.

If you would like to get your own depreciation schedule, or find out how much you could claim, get a quote here.