Property Depreciation Schedules

To see the FAQs most relevant to your property, please select one of the options above.

  • Why are there two FAQ options?

    There are two different sets of Frequently Asked Questions because, due to the 2017 Federal Budget, different information is now relevant based upon when you purchased your investment property.

  • What are the 2017 Federal Budget changes?

    In short, the changes to depreciation made in the 2017 Federal Budget, limited the scope of what property investors can claim on second-hand properties.

    For properties purchased (exchanged contracts) after May 9, 2017, investors can no longer claim depreciation on ‘previously used’ plant and equipment (i.e. in second-hand properties).

    Brand new, non-residential and properties that were purchased prior to May 9, 2017 (and available for income-producing purposes before 1 July, 2017) have not been affected.

    To learn more on our Budget Change blog post.

  • I haven’t bought a property yet, which option do I choose?

    If you haven’t bought a property yet, then option Properties purchased after 9 May 2017 will be most relevant for you.

  • I have properties that fit into both options, which do I choose?

    The information in option Properties purchased after 9 May 2017 should answer most of your queries regarding each type of property – keeping in mind, for those properties purchased before May 9, 2017, you may be eligible to claim depreciation on any ‘previously used’ plant and equipment.

    Alternatively, contact Washington Brown with your property addresses and our experts will take a look and determine what you are eligible to claim on.

Prefer to just speak one-on-one with an expert?

Talk to Washington Brown to have your specific depreciation questions answered.