Yes, new appliances purchased for an income-producing rental property may be depreciable. The claim depends on the asset cost, date purchased, use of the property and whether the appliance was new or second-hand.
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
If the investor buys the appliance new after settlement and installs it in an income-producing property, it may be claimable over its effective life or under another applicable method.
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.