4 Bedroom Brand New House
A Case Study of savings from our expertly prepared Depreciation Schedule.
The facts, and figures
Yuki purchased this brand-new four-bedroom house for $660,000 in April 2020.
Yuki is receiving $600 per week with a total rental income of $31,200 per annum.
Without a tax depreciation schedule, Yuki’s tax deductible expenses for the 2021 financial year for the property totalled $42,852.
Yuki’s tax bracket is 37%.
When the tax depreciation schedule was included, the first full financial year calculations gave Yuki an additional $4,589.23. Weekly equivalent cash flow back to Yuki is $88.25.
The outcome
After speaking with her Accountant about the importance of a depreciation schedule, Yuki contacted Capital Claims Tax Depreciation. This schedule outlined that Yuki was entitled to a depreciation deduction of $13,421 in the first full financial year and $52,034 over the first five financial years of owning her property. Over the life of the report, and presuming she held the property as a rental, Yuki was entitled to claim $284,553 in deductions for depreciation.
Project Data
Client name:
Yuki
Asset:
brand-new four-bedroom house
Purchase Price:
$660,000
Year Purchased:
2020
First Year Claim:
$13,421
Claimed over 5yrs:
$52,034
Claimed in total:
$284,553
Get a Free Quote for a Depreciation Schedule.
We’ll include an estimate of your potential deductions, and if we can’t guarantee a strong result, we’ll let you know up front and there will be no cost to you.
