Important Information

This estimator provides a general guide only based on standard industry assumptions. It is not a substitute for a professionally prepared depreciation schedule.

No Reliance

The results generated are indicative only and should not be relied upon for tax, financial, or investment decisions.

Assumptions Used

The estimate is calculated using simplified assumptions, including:

• A standard allocation between Capital Works (Division 43) and Plant & Equipment (Division 40)
• Typical depreciation rates and methods

Actual outcomes will vary depending on the specific characteristics of the property.

Property-Specific Variations

Depreciation deductions can differ significantly based on:

• Construction type and quality
• Asset mix and fit-out
• Ownership history and use of the property

Legislative Limitations

For residential properties, Plant & Equipment deductions may be limited where assets have been previously used, in accordance with current tax legislation.

No Tax Advice

This tool provides general information only and does not constitute tax advice. You should seek advice from your accountant or tax adviser before acting on any information.

Professional Schedule Required

A detailed depreciation schedule prepared by a qualified quantity surveyor is required to accurately determine and substantiate depreciation claims.