Sample Properties

The amount of depreciation clamable for the capital works components of the property will vary depending on the age and usage of the property.

The following table is the Australian Taxataion Office approved Rates of Depreciation for the different property groups.

If you have a query about these rates or what rate applies to your property you can contact us for some further assistance.

Date Construction Started.

Rate of Deduction.

Type of construction for which deduction can be claimed.

Before 22 August 1979 nil None.
22 August 1979 to 19 July 1982 2.5 % Certain buildings intended to be used on completion to provide short term traveller accommodation.
20 July 1982 to 21 August 1984 2.5% 1. Certain buildings intended to be used on completion to provide short term traveller accommodation.

2. Buildings intended to be used on completion for non-residential purposes (e.g. shop or office)

22 August 1984 to 17 July 1985 4% 1. Certain buildings intended to be used on completion to provide short term traveller accommodation.

2. Buildings intended to be used on completion for non-residential purposes (e.g. shop or office)

3. Commercial buildings intended to be used for manufacturing.

18 July 1985 to 15 September 1987 4% Any building intended to be used on completion to produce income.
16 September 1987 to 26 February 1992 2.5% Any building intended to be used on completion to produce income
27 February 1992 to Today 4% 1. Certain buildings intended to be used on completion to provide short term traveller accommodation.

2. Commercial buildings intended to be used for manufacturing.

27 February 1992 to Today 2.5% Any building intended to be used on completion to produce income (excluding short term accomodation and commercial buildings used for manufacturing)
27 February 1992 to Today 2.5% Structural Improvements

Contact us at the EXCEL Property Consultants office nearest to you or submit a business inquiry online.

Thanks very much for your thorough report.

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Alvaro Montes de Oca