Investment Property Depreciation Estimator
Estimate the tax depreciation deductions available on a Queensland investment property. Covers Division 43 (building allowance) and Division 40 (plant and equipment).
2017 ATO Rule Change
From 1 July 2017, Division 40 plant and equipment deductions (carpet, appliances, hot water, etc.) are only available to investors who are the first owner of those assets — i.e., new properties or where you installed the items yourself. If you purchased an established property after 9 May 2017, you cannot claim Division 40 on pre-existing assets. Division 43 (building structure) is unaffected if the building was constructed after 15 September 1987. ATO guidance.
Get a Quantity Surveyor report for accurate figures. A QS report (typically $500-$800) produces a legally defensible depreciation schedule accepted by the ATO and is itself tax deductible. Firms such as BMT Tax Depreciation, Washington Brown, and Deppro operate across Brisbane. This calculator is indicative only.
Tax deductions shown are estimates only. Does not constitute tax advice. Consult a registered tax agent or accountant. ATO rates: ato.gov.au. Division 43 rate 2.5% p.a. for residential buildings constructed after 15 September 1987 (40-year life). Division 40 rates based on ATO effective life determinations. 2017 budget changes apply to second-hand assets purchased post 9 May 2017.
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