Construction timing
Original premises recorded as circa 1925, with rental availability from 1 September 2023.
Tax depreciation case study
Ballarat Central VIC established residential: $125,824 in deductions identified
A Ballarat Central VIC established residential investment property with later works produced $125,824 in identified depreciation deductions, with a first full-year claim of $6,021.
Total deductions identified
$125,824
First full-year claim
$6,021
First-year pro-rata claim
$5,741
Adjusted Division 43 base
$103,828
Property snapshot
Established residential investment property with later works
The property presents as an established residential investment asset, where later improvements and the documented construction history were central to the depreciation outcome.
The report records the original premises as circa 1925, with rental availability from 1 September 2023. The opening year was calculated on a 304-day pro-rata basis.
Plain-English value summary
BWK Group identified $125,824 in total depreciation deductions for this Ballarat Central investment property. The first-year pro-rata claim was $5,741, then increased to $6,021 in the first full financial year. The report documents the capital works basis, affected Division 40 treatment and opening claim period so the result can be reviewed more easily with an accountant.
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.
| 2023-2024 | $5,741 |
|---|---|
| 2024-2025 | $6,021 |
| 2025-2026 | $5,895 |
| 2026-2027 | $5,436 |
| 2027-2028 | $4,499 |
| 2028-2029 | $4,102 |
| 2029-2030 | $3,803 |
| 2030-2031 | $3,590 |
| 2031-2032 | $3,422 |
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 | $103,406 |
|---|---|
| Estimated Division 40 benefit | $22,418 |
| Original capital works cost | $103,828 |
| Less affected Division 40 items | Not separately shown |
| Adjusted Division 43 base | $103,828 |
| First-year pro-rata period | 304 days |
| First full financial year claim | $6,021 |
Report detail extracted
What made this report unique
These details show the report-specific review behind the headline figures, including the capital works basis, adjustment items and property history considered in the schedule.
Building / structural improvements
Page 16 recorded a full internal renovation, including new wet areas and kitchen, internal painting, plastering, cabinetry, electrical work, floor sanding and renewal, plus external works including timber windows, fences, verandahs, sheds, garage, re-stumping, concreting, exterior painting, roof resurfacing, plumbing and gutters.
Adjusted Division 43 base
$103,828 after affected Division 40 items were considered for the public summary.
Part-year claim context
The first year was calculated on a 304-day pro-rata basis, so the first full-year claim is the cleaner comparison point.
Specific works captured
The report captured the later renovation and external improvement history, which is why an older dwelling could still show a meaningful depreciation result.
Why BWK Group
The report turns renovation history into a clearer claim schedule for the owner and accountant to review.
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.