What type of things can be depreciated for a rental property?

Question

 · Accepted Answer

AnitaATO · Answer

Hey , If the Hot water system was new and installed by you then you'll be able to depreciate this. You're unable to depreciate second hand items if they've already been installed or used before by you or another entity. Adding new fence can be claimed as a capital works () deduction. You'll be able to claim this over a period of 40 or 25 years. You may like to read about residential rental property assets (https://www.ato.gov.au/forms/Rental-properties-2023/?anchor=Residentialrentalpropertyitems#Residentialrentalpropertyitems) that can be depreciated on our website. We also have a great quick reference guide to rental properties - repairs/maintenance and capital expenditure (https://www.ato.gov.au/uploadedFiles/Content/IAI/Downloads/Toolkits/TaxTimeToolkits_Rentalpropertiesrepairsmaintenanceandcapitallexpenditure.pdf) that you may like to check out.

What type of things can be depreciated for a rental property?

Featured articles

Renting out all or part of your home? What to include in your tax return

How to work out your tax residency

Top liked users

Top contributors

Explore tax & super topicsExplore tax & super topics

About usAbout us