With our Building Depreciation Schedule Calculator you can determine how much you can claim in capital works deductions on the Constructed building. If you own a rental property, you may be able to claim a deduction usually at the rate of 2.5% per year iover a 40 years period.
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The building depreciation schedule calculator provides you with a snapshot of the amount of depreciation you can claim as an investor upon your investment property according to the ATO guidelines.
As a general rule, you can claim a deduction for the cost of constructing a residential rental property over 40 years from the date the construction was completed. Deductions for capital works have been introduced over time. Due to this, the date from which you can claim a deduction will depend on the type of construction.
You will also find more relevant information below.
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As a general rule, you can claim a deduction for the cost of constructing a residential rental property over 40 years from the date the construction was completed. However, to be sure you get your claim right, you must have all of the following:
To work out the rate at which you can claim a deduction and the period over which you can claim it, you must have all of the following details:
|Date construction commenced||Period (years) over which you can claim a deduction||Rate of deduction per income year|
|Before 22 August 1979||n/a||nil|
|22 August 1979 to 21 August 1984||40 years||2.5%|
|22 August 1984 to 15 September 1987||25 years||4%|
|After 15 September 1987||40 years||2.5%|
Where you built short-term accommodation for travellers (for example, a hotel or serviced apartments) and that construction commenced after 26 February 1992, the:
The Building Depreciation Schedule Calculator is offered at an affordable price of $11.00 per month (Inc GST) on an Ongoing Lease Agreement.
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The information provided to you in the Building Depreciation Schedule Calculator does not constitute “personal advice” for any purpose. The Building Depreciation Schedule Calculator is provided to you as an information service only and it should not be relied upon as a substitute for financial, home loan or other professional advice. The information does not take the investment objectives, financial situation and particular needs of any particular person into account. It is not to be construed as financial advice or a recommendation of any financial products, including home loans. Before making an investment or home loan decision on the basis of the information provided by the Building Depreciation Schedule Calculator, you need to consider whether the information is appropriate in light of your particular investment or home loan needs. The Building Depreciation Schedule Calculator has been developed by AFC Online. AFC Online is responsible for maintaining and updating the Building Depreciation Schedule Calculator. For any further enquiries you can contact us directly and one of our customer care consultants will be more than happy to assist you.