Owning Property · Koste Knowledge Base
Understanding the ATO Effective Life for Hot Water Systems
Quick Answer
The ATO assigns an effective life of 12 years to hot water systems under **TR 2023/1**. This period determines the rate at which you can depreciate these systems under **Division 40 of ITAA 1997**. Consult with a Chartered Quantity Surveyor for precise depreciation schedules tailored to your property.
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