How Much Depreciation Can I Claim on a $500,000 Investment Property?

Quick Answer

For a $500,000 investment property, depreciation claims depend on factors like property age, type, and purchase date. Under **Division 40** and **Division 43** of ITAA 1997, you can claim plant and equipment and capital works deductions. Exact amounts vary, but many investors find substantial tax savings. Consult a Chartered Quantity Surveyor for precise estimates.