Original capital works
Circa 2014 capital works cost recorded at $1,706,601.
Tax depreciation case study
Anglesea VIC coastal property: $1,287,039 in deductions identified
A premium coastal residential investment property delivered a seven-figure depreciation outcome after BWK Group assessed the capital works base and adjusted affected items.
Total deductions identified
$1,287,039
First full-year claim
$42,109
First-year pro-rata claim
$15,575
Adjusted Division 43 base
$1,684,364
Property snapshot
Premium coastal residential investment property
The property presents with a contemporary coastal facade, vertical cladding, large glazed openings, timber-look feature elements and an elevated modern street presence.
The report records the property as completed circa May 2014 and available for rent from 16 February 2023. The opening year was calculated on a 135-day pro-rata basis.
Plain-English value summary
BWK Group identified $1,287,039 in total depreciation deductions for this coastal investment property. The opening pro-rata claim was $15,575, increasing to $42,109 in the first full financial year, with the value coming from Division 43 capital works deductions.
Claim forecast
First 10 years of deductions
Tax depreciation schedules can typically be prepared to cover up to 40 years of deductions. This public page shows the first 10 years as an extract only, with the full schedule available in the property-specific report.
| 2022-2023 | $15,575 |
|---|---|
| 2023-2024 | $42,109 |
| 2024-2025 | $42,109 |
| 2025-2026 | $42,109 |
| 2026-2027 | $42,109 |
| 2027-2028 | $42,109 |
| 2028-2029 | $42,109 |
| 2029-2030 | $42,109 |
| 2030-2031 | $42,109 |
| 2031-2032 | $42,109 |
For accountants
Review-ready depreciation figures
This summary is designed to show the main calculation basis without overwhelming the reader with every schedule line.
| Division 43 capital works deductions | $1,287,039 |
|---|---|
| Estimated Division 40 benefit | Not separately shown |
| Original capital works cost | $1,706,601 |
| Less affected Division 40 items | $22,237 |
| Adjusted Division 43 base | $1,684,364 |
| First-year pro-rata period | 135 days |
| First full financial year claim | $42,109 |
Report detail extracted
What made this report unique
These details are drawn from the completed tax depreciation report to show the level of review behind the headline figures, while keeping client names, exact street addresses and identifying details removed.
Affected Division 40 items
$22,237 was removed from the Division 43 basis, leaving an adjusted base of $1,684,364.
Occupancy context
Preoccupied residential property, so the report considered the second-hand plant restrictions.
Coastal asset profile
The large building cost base created recurring capital works deductions even though the property was not newly completed in the claim year.
Cleaner summary
The public case study highlights the claim value without exposing the private street address or client identity.
Why BWK Group
The report shows how detailed capital works treatment can turn a complex residential asset into accountant-friendly claim figures.
Privacy note
This case study is based on a completed BWK Group depreciation report. Client names, exact street addresses and identifying details have been removed. Figures are drawn from the completed report and rounded only where stated.
Guide only
This case study is provided as a guide only and is not tax, financial or investment advice. Depreciation outcomes vary by property, ownership structure, construction history, rental availability, legislation and information supplied. Review any figures with your accountant.