The 2017 rule change stops fewer investors than you'd think. Here's exactly what changed — and why an established property is almost always still worth claiming.
In the 2017 Federal Budget the government changed how depreciation works for second-hand residential property. The change is narrower than most investors think — and it stops very few people from claiming.
Only previously-used plant & equipment in an established residential purchase is affected. Your capital works deduction continues in full, and any assets you install yourself remain fully claimable.
Yes — but with one key change. Since 9 May 2017, investors buying an established residential property can no longer claim depreciation on previously-used plant & equipment. However, the capital works (building) deduction is unaffected, and any new assets you install are fully claimable.
Brand-new properties, commercial and industrial properties, substantial renovations, and properties held before 7:30pm on 9 May 2017 are all unaffected — plant & equipment remains fully claimable.
Almost always. The capital works deduction alone (2.5% per year for up to 40 years) frequently returns several times our fee in the first year, and every new asset you add is claimable.
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