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J_A_H(Enthusiast)Enthusiast
30 Oct 2023

Hi there, just wondering if anyone can help with how to treat depreciating assets in a rental property purchased in 2022/23 FY.


Specifically I'm wondering whether I can claim anything for depreciation of assets such as flooring, air conditioning, kitchen appliances, carpets, blinds etc that were in place at the time the property was purchased (noting that even though these assets were purchased by the previous owner they will no doubt decline over time and need replacing).


Or, can I only claim depreciation for assets like this if I purchase them myself.


Thanks in advance for your advice.

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TeddyATO(Community Support)Community Support
31 Oct 2023

Hello @J_A_H,


The best thing to do is to take a look at the rental properties guide that we release each year. It breaks down the different things you are able to claim, how to calculate them and also covers all the rules/documentation you will require in your claims. The majority of things you will be able to claim are things that you have purchased yourself and have documentation for. Also the general rule on claiming for rental properties is that you can only claim for the periods that the property was available to rent or was rented.

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Most helpful reply

TeddyATO(Community Support)Community Support
31 Oct 2023

Hello @J_A_H,


The best thing to do is to take a look at the rental properties guide that we release each year. It breaks down the different things you are able to claim, how to calculate them and also covers all the rules/documentation you will require in your claims. The majority of things you will be able to claim are things that you have purchased yourself and have documentation for. Also the general rule on claiming for rental properties is that you can only claim for the periods that the property was available to rent or was rented.

J_A_H(Enthusiast)Enthusiast
31 Oct 2023

Thanks Teddy, so are you saying as a general rule you cannot claim depreciation on fixtures and fittings that were purchased by the previous owner?


In my case I'm talking about flooring, carpets, air conditioners, kitchen appliances and the like that I would expect were installed when the property was built in 2017.


As the previous owner paid for these things when they purchased the property am I not able to claim any depreciation for them?

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