- March 11, 2019
- Posted by: admin
- Category: Property Depreciation
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What items or assets can I potentially claim depreciation on in my new residential rental property?
According to the ATO these items commonly found in a new residential property may be claimable.
Indoor assets
- air conditioning assets
- ceiling fans
- electric clocks
- dvd players
- door closers & stops
- evaporative coolers
- floor coverings which are removable without damage
- freestanding furniture
- garbage bins
- heaters electric or gas
- hot water systems
- intercom
- light fittings (removable)
- mirrors freestanding
- solar-power system
- stereo system
- surround sound system
- water pumps
- window coverings
- exhaust fans
- heated towel rails
- spa bath pumps
- smoke alarms
- extinguishers
- cook tops
- dishwashers
- garbage disposal units
- microwave ovens
- range hoods
- ovens
- stoves
- water filters
- clothes dryers
- washing machines
Outdoor Assets
- automatic garage doors: controls
- automatic garage doors: motors
- barbecues
- artificial grass & matting
- freestanding outdoor furniture
- garden watering systems
- garden lights solar
- garden sheds
- gates –electrical controls & motors
- operable pergola controls & motors
- sauna heating
- swimming pool & spas – chlorinators, filters, heaters, pumps
Security & Monitoring Assets
- access control systems – code pads, door controllers, cameras, monitors
- security systems – code pads, controls panels, detectors
Australian Taxation Office Rental Property Assets 2018