The removable assets in your property — carpet, appliances, air-conditioning and more — often deliver the biggest early-year deductions. Here's how Division 40 works.
Plant & equipment (Division 40) covers the removable assets inside your property. Because these items wear out faster than the building, they often deliver the strongest deductions in the early years of ownership.
From the dishwasher to the ducted air-conditioning, each asset is identified, valued and assigned its ATO effective life in your tax depreciation schedule.
Division 40 covers the removable and mechanical assets in a property — carpet, blinds, ovens, cooktops, air-conditioning, hot-water systems, smoke alarms and more. Each has an effective life set by the ATO and depreciates faster than the building.
Since 9 May 2017, previously-used plant & equipment in a second-hand residential property is generally not deductible. New assets you install, brand-new properties, and commercial properties are unaffected. See our second-hand property rules page.
Using either the diminishing value or prime cost method, with low-cost items often grouped into a low-value pool. Our depreciation methods guide explains which claims more, sooner.
Request a quote today, or estimate your deductions in 60 seconds with our calculator.
Backed by the SJB 200% Guarantee — double your fee in year one, or you pay nothing.
Tell us about your property in about two minutes and we'll send your fixed quote within one business day — with everything we need, so there's no back-and-forth.
Request a Quote →Prefer to talk? Call 1300 488 375