Short answer: new properties usually claim more, because they unlock the full plant & equipment allowance. But established properties are still very much worth claiming — the capital works deduction alone often returns several times a schedule's cost.
A brand-new property lets you claim both capital works (Division 43) and the complete plant & equipment (Division 40) allowance on every new asset — the highest first-year deductions available.
Since 9 May 2017, second-hand residential plant & equipment is no longer deductible. But capital works continues in full, and any new assets you install are claimable. Commercial property is unaffected entirely.
Established properties often hide deductions in past renovations — even work done by a previous owner — which a quantity surveyor can estimate and claim.
New or old, almost every investment property is worth assessing. Use our calculator to compare, or request a quote.
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