Mal Foster and Associates are experienced tax depreciation specialists. Eligibility To be eligible for the depreciation advantages, construction of the property must have commenced on or after 18 July, 1985. Note: A depreciation schedule for properties constructed prior to 18 July, 1985 becomes financially attractive if significant renovation, additions or alterations occurred on or after 18 July, 1985.

Description Numbers Investment property cost $250,000 Construction commenced 1999 Property acquired 2003 Construction cost (1999 historical cost - excl. plant) $120,000 Plant cost (1999 historical cost of fixtures, fittings etc.) $11,000 Capital Depreciation (special building write-off) 2.5% Annual tax claim for owner (capital) $3,000 Annual tax claim for owner (plant) $550 Total capital tax claim (for 36 years in this example) $108,000 Total plant tax claim (for 16 years in this example) $8,800 Total cumulative tax claim (over 36 years) ~ $116,800