Older original premises
Original premises recorded as circa 1920, with original construction cost not treated as the main claim source.
Tax depreciation case study
Newtown VIC renovated dwelling: $404,799 in deductions identified
An older Geelong-area dwelling with extension and alteration works produced a strong depreciation outcome after BWK Group focused on the qualifying newer capital works.
Total deductions identified
$404,799
First full-year claim
$13,065
First-year pro-rata claim
$12,850
Adjusted Division 43 base
$502,682
Property snapshot
Older dwelling with extension and alteration works
The property presents as an established residential dwelling in a mature streetscape, with garage and extension elements, older character cues and later improvement works.
The report records the original premises as circa 1920, with rental availability from 7 July 2025. The first year was calculated on a 359-day pro-rata basis.
Plain-English value summary
BWK Group identified $404,799 in total depreciation deductions for this Newtown investment property. The first-year claim was $12,850 and the first full-year claim was $13,065. The value was driven by later building works rather than the original 1920 construction date.
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.
| 2025-2026 | $12,850 |
|---|---|
| 2026-2027 | $13,065 |
| 2027-2028 | $13,065 |
| 2028-2029 | $13,065 |
| 2029-2030 | $13,065 |
| 2030-2031 | $13,065 |
| 2031-2032 | $13,065 |
| 2032-2033 | $13,065 |
| 2033-2034 | $13,065 |
| 2034-2035 | $13,065 |
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 | $404,799 |
|---|---|
| Estimated Division 40 benefit | Not separately shown |
| Original capital works cost | $522,599 |
| Less affected Division 40 items | $19,917 |
| Adjusted Division 43 base | $502,682 |
| First-year pro-rata period | 359 days |
| First full financial year claim | $13,065 |
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.
Improvement detail
The report recorded extension and substantial alterations, including construction of an alfresco area and garage.
Adjusted Division 43 base
$502,682 after affected Division 40 items were separated from the works.
Renovated-property example
The case shows how an older dwelling can still have meaningful depreciation where later qualifying works exist.
Specific works captured
Extension, alterations, alfresco and garage works are named in the report detail rather than hidden behind a generic total.
Why BWK Group
The schedule helps landlords and accountants understand exactly why an older property still has claim value.
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.