Tax Depreciation

Plant and Equipment

(division 40)

What is a plant and equipment deduction?

One of the two categories outlined by the ATO for depreciation deductions is plant and equipment (division 40).

Depreciation can be claimed for wear and tear on assets in an income producing property that are easily removable or are mechanical in nature. Such items may include dishwasher, over, air-conditioners etc.

Plant and equipment assets are expected to decline in value as they are used over time. The amount of depreciation allowance is calculated based on the item’s effective life. All plant and equipment items have individual effective lives specified by the ATO and updated annually.

Deductible plant and equipment items include:

Legislation Change – Residential

In November 2017, the Federal Government changed depreciation legislation. The change means depreciation cannot be claimed on second-hand plant and equipment within residential investment properties purchased after 7:30pm on the 9th of May 2017.
New assets installed in an investment property can be claimed.

Residential Property (House)
  • Air conditioning units
  • Dishwasher
  • Light fittings
  • Oven
  • Window furnishings
  • Common property assets (gym equipment, pool cleaning & filtration, outdoor furniture)

Residential Property (House)
  • Air conditioning units
  • Garage doors
  • Light fittings
  • Security system
  • Solar panels
  • Pool cleaning and filtration systems

 

Commercial Property
  • Floor coverings
  • Cash register
  • Chairs and tables
  • Computer network equipment
  • Commercial ovens
  • Window coverings

* Lessee can claim depreciation on fitout assets

 

Rural | Agribusiness Property
  • Air compressor
  • Generators
  • High pressure pumps
  • Light fittings
  • Refrigeration
  • Winches

 

Tax Depreciation

Case Studies

Why choose Acumentis

Have one point of contact for all your client’s property needs.

Knowledge and experience

Our registered team of professionally certified valuers are experts across commercialresidential and rural and agribusiness property types. We know what depreciable items to look for ensuring that you get a comprehensive ATO approved depreciation schedule prepared by our certified Quantity Surveyors.

Value

We’ll provide you with one tax depreciation schedule that lasts up to 40 years of claim and the fee is 100% tax deductible. We can also undertake a retrospective tax depreciation schedule if you haven’t been claiming deductions so that you don’t miss the tax benefits.

National reach

Wherever you are in Australia a qualified Acumentis property professional is nearby. With over 300 property professionals working from 45 offices in metropolitan, regional and rural Australia our team have your property and tax depreciation needs covered.

Your team of
tax depreciation experts

State contacts
Tom McDouall
Regional Director
Newcastle
Heath Craft
Valuer
Albury
Maria Ergos
Client Services Team Leader
Sydney Residential
Gregory Jordan
Valuer
Port Macquarie
Jack Prosser
Valuer
Port Macquarie
Louise de Savery
Senior Valuer
Newcastle
Harry Morrow
Valuer
Tamworth
Simon Mandile
Senior Valuer
Sydney
Emmanuel Ergos
Senior Valuer
Sydney
Justine Franklin
Valuer
Albury – Wodonga
Adam Scerri
State Director – Residential
Sydney
Amy Frankel
Regional Director
Port Macquarie
Matt Wilson
Senior Valuer
Cairns
Sarah Banner
Director – Valuations | Residential
Brisbane
Clancy Miller
Valuer
Townsville
Paul Krause
Senior Valuer
Mackay
Jack Macdonald
Senior Valuer
Roma
Ernest van Zyl
Manager Property Advisory Services
Thomas Hewitt
Associate Director
Brisbane
Henry Brown
Associate Director
Brisbane
Richard Holles
Senior Valuer
Toowoomba
Hannah Cooley
Valuer
Toowoomba
Zac Beveridge
Valuer
Toowoomba
Wayne Airey
Associate Director
Sunshine Coast
Will Smallacombe
Senior Valuer
Cairns
Alexandra Doneley
Senior Valuer
Emerald
Geoff Duffield
State Director Residential QLD
Brisbane
Jany Pezard
Director – Valuations
Sunshine Coast
Gareth Turner
Senior Valuer
Brisbane
Jim Lyons
Director Valuations
Brisbane
Lachlan Dunsdon
National Director Rural & Agribusiness
Brisbane
Mark Robins
State Director SA
Adelaide
Leon Sleiters
Valuer
Hobart
Harry Chapman
Valuer
Launceston
Harry Chapman
Valuer
Launceston
Tyrone Tweddle
Valuer
Hobart
Joe Stansfield
Regional Director – Tasmania (North)
Launceston
David Duffield
Regional Director – Tasmania (South)
Hobart
Nick Funnell
National Director – Asset Advisory
Melbourne
Rosheen Stephenson
Regional Director
Gippsland
Mark Pastor
Associate Director
Melbourne
Damien Stone
State Director Residential Victoria
Melbourne
Felicity Graham
Senior Valuer
Bunbury
Brandon Prince
Valuer
Perth
Curtis Borszeky
Valuer
Perth
Rachel Kendall
Valuer
Mandurah
Michael Sinclair
Valuer
Perth
Yury Bonne
Valuer
Perth
Dean Munns
Associate Director
Perth
James Sholdas
Associate Director Valuations
Perth
Tom O’Sullivan
Associate Director Valuations
Perth
Kate Bingham
Associate Director
Perth
Tony Gorman
Director Valuations
Perth
Ben Lamers
Director Acumentis Advisory
Perth
Aaron Hughes
Regional Director
South West WA
Scott Robinson
Regional Director
Mandurah
Richard Graham
State Director Rural & Agribusiness WA
Bunbury
Mark Eaton
Regional Director
Albany
Damien Schifferli
Regional Director – South West WA
Busselton
Blake Lieschke
State Director Residential WA
Perth
Nathan King
National Director – Advisory, State Government & Projects, State Director – WA
Perth
Tom McDouall
Regional Director
Newcastle
Heath Craft
Valuer
Albury
Maria Ergos
Client Services Team Leader
Sydney Residential
Gregory Jordan
Valuer
Port Macquarie
Jack Prosser
Valuer
Port Macquarie
Louise de Savery
Senior Valuer
Newcastle
Harry Morrow
Valuer
Tamworth
Simon Mandile
Senior Valuer
Sydney
Emmanuel Ergos
Senior Valuer
Sydney
Justine Franklin
Valuer
Albury – Wodonga
Adam Scerri
State Director – Residential
Sydney
Amy Frankel
Regional Director
Port Macquarie
Matt Wilson
Senior Valuer
Cairns
Sarah Banner
Director – Valuations | Residential
Brisbane
Clancy Miller
Valuer
Townsville
Paul Krause
Senior Valuer
Mackay
Jack Macdonald
Senior Valuer
Roma
Ernest van Zyl
Manager Property Advisory Services
Thomas Hewitt
Associate Director
Brisbane
Henry Brown
Associate Director
Brisbane
Richard Holles
Senior Valuer
Toowoomba
Hannah Cooley
Valuer
Toowoomba
Zac Beveridge
Valuer
Toowoomba
Wayne Airey
Associate Director
Sunshine Coast
Will Smallacombe
Senior Valuer
Cairns
Alexandra Doneley
Senior Valuer
Emerald
Geoff Duffield
State Director Residential QLD
Brisbane
Jany Pezard
Director – Valuations
Sunshine Coast
Gareth Turner
Senior Valuer
Brisbane
Jim Lyons
Director Valuations
Brisbane
Lachlan Dunsdon
National Director Rural & Agribusiness
Brisbane
Mark Robins
State Director SA
Adelaide
Leon Sleiters
Valuer
Hobart
Harry Chapman
Valuer
Launceston
Harry Chapman
Valuer
Launceston
Tyrone Tweddle
Valuer
Hobart
Joe Stansfield
Regional Director – Tasmania (North)
Launceston
David Duffield
Regional Director – Tasmania (South)
Hobart
Nick Funnell
National Director – Asset Advisory
Melbourne
Rosheen Stephenson
Regional Director
Gippsland
Mark Pastor
Associate Director
Melbourne
Damien Stone
State Director Residential Victoria
Melbourne
Felicity Graham
Senior Valuer
Bunbury
Brandon Prince
Valuer
Perth
Curtis Borszeky
Valuer
Perth
Rachel Kendall
Valuer
Mandurah
Michael Sinclair
Valuer
Perth
Yury Bonne
Valuer
Perth
Dean Munns
Associate Director
Perth
James Sholdas
Associate Director Valuations
Perth
Tom O’Sullivan
Associate Director Valuations
Perth
Kate Bingham
Associate Director
Perth
Tony Gorman
Director Valuations
Perth
Ben Lamers
Director Acumentis Advisory
Perth
Aaron Hughes
Regional Director
South West WA
Scott Robinson
Regional Director
Mandurah
Richard Graham
State Director Rural & Agribusiness WA
Bunbury
Mark Eaton
Regional Director
Albany
Damien Schifferli
Regional Director – South West WA
Busselton
Blake Lieschke
State Director Residential WA
Perth
Nathan King
National Director – Advisory, State Government & Projects, State Director – WA
Perth

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