New appliances are commonly treated as Division 40 depreciating assets.
Examples include:
- Oven
- Cooktop
- Dishwasher
- Rangehood
- Fridge
- Washing machine
- Dryer
- Microwave
- Air conditioning unit
- Hot water system
Second-hand appliances already in a residential property at purchase may be restricted under the post-9 May 2017 rules.
Koste.ai can help investors record appliance details, purchase dates and receipts so the accountant can claim correctly.