I built a new house in 2021 and lived in it for approximately [Removed by moderator] years until 2025. When the house was constructed, I installed all new items, including carpet, flooring, air conditioning, solar panels, and other fixtures.
I converted the property into a rental property in 2025. Can someone please advise if I can claim depreciation deductions for these items from the time the property became available for rent?
Well, I can advise that you can't. Link below explains
Second-hand depreciating assets | Australian Taxation Office
@Taxduck Thanks for your reply. However, it seems this information may not apply to a newly built property where the assets' depreciation has never been claimed before. I am the first owner of the property, and no depreciation deductions have been claimed on these assets prior to it becoming a rental property
6 Feb 2026 · 4 min read time
21 Aug 2026 · 2 min read time
24 June 2026 · 2 min read time
109 views
4 replies