Case Study
F - Residential – Second Hand Property Purchased after 9 May 2017*
(*Residential property owners, who purchased second hand investment properties after 7.30pm on 09 May 2017 are no longer be able to claim the depreciation/deduction of the plant and equipment fitted into the Building. However, brand new investment properties purchased or constructed after 09 May 2007 are exempted)
Owner lived in the Property prior to renting
F1 - Case Study 14
| Property Type : | Single storey, 4 Bedrooms, 2 Baths, Double Garage |
| Inclusions : | Evaporative cooling unit, Ducted heating, Carpets to bedrooms, Floating timber through out except at bedrooms and wet areas, Solar hot water system, Blinds, Stove, Rangehood, Dishwasher, and Automatic garage door. |
| Purchase Price* : | $410,000 *price includes the land cost |
| Construction Completion : | June 2015 |
| Settlement : | January 2018 |
| Years Owner lived in the Property : | 1 year 10 months |
| First available for income : | November 2019 |
| Suburb and State : | Wallen VIC 3756 |
| Financial Year | Deductions ($) |
|---|---|
| Year 1 (Full Financial Year) | $5,847 |
| Year 2 | $5,847 |
| Year 3 | $5,847 |
| Year 4 | $5,847 |
| Year 5 | $5,847 |
