How much you can claim depends on a number of factors, including the type of property as well as a purchase date and price. Every investment property has deductions that its owner can claim, and they’re often in the thousands.
Because each property is different, an inspection is the best way to assess your property both inside and out. Aside from an inspection, there are other factors that will contribute to the total calculation of available depreciation. Such factors are:
Purchase date (settlement date), Property type, Purchase price, Land values, Stamp duties and land taxes paid,Stamp duties and land taxes paid,
Legal fees associated with the purchase of the property, Age of the building (when it was built), Any additions, amendments, refurbishments or improvements to the property.
How the depreciation will impact you very much depends on your financial situation. But to give you a brief example of how depreciation can effect a property investor, the tables below provide an example of the depreciation deductions on a property and how much one may be eligible to claim.