Free Property Investment Tool
Tax Depreciation Calculator | How Much Can You Claim?
Estimate your tax depreciation deductions for an Australian residential or commercial investment property. Calculates both Division 40 (plant and equipment) and Division 43 (capital works) deductions instantly.
How to Use This Calculator
- Select your property type (house, apartment, commercial)
- Enter the property construction year and purchase price
- Add any recent renovations or improvements
- See your estimated Year 1 deduction, 5-year forecast, and lifetime total
Frequently Asked Questions
What is tax depreciation for investment property?
Tax depreciation allows property investors to claim the decline in value of the building structure (Division 43 at 2.5%/year) and removable assets like carpets, appliances and hot water systems (Division 40) as a tax deduction.
How much can I claim in Year 1?
The average Koste client claims $9,000+ in their first year. Newer properties and those with recent renovations typically claim more. The calculator estimates your deduction based on property type, age, and value.
Do I need a professional depreciation schedule?
Yes. The ATO requires a tax depreciation schedule prepared by a qualified Quantity Surveyor for Division 43 claims. A Koste schedule starts from $695+GST and typically pays for itself within months.
Can I still claim depreciation on an older property?
Yes for Division 40 — you can claim on assets regardless of the property age. Division 43 capital works deductions require the building to have been constructed after 15 September 1987.
Related Calculators
Need a Professional Report?
This calculator provides estimates. For ATO-compliant tax depreciation schedules accepted by all accounting firms, order a professional report from Koste — from $695+GST, delivered in 5 business days.
Results are estimates only and do not constitute financial or tax advice. Koste Chartered Quantity Surveyors · AIQS Member · RICS Member · TPB Registered · 1300 669 400 · info@koste.ai