Why the first year was lower
The property was available for rent for only 40 days in the first claim year, so the opening deduction was deliberately conservative and pro-rated.
Tax depreciation case study
Noble Park VIC investment property: $357,816 in deductions identified
A modern townhouse-style residential investment property in Noble Park produced a strong depreciation outcome after BWK Group separated the capital works base from eligible Division 40 items.
Total deductions identified
$357,816
First full-year claim
$10,192
First-year pro-rata claim
$1,110
Adjusted Division 43 base
$382,901
Property snapshot
Modern townhouse-style residential investment property
The property presents as a modern two-storey townhouse-style residence with contemporary external finishes, upper-level glazing, compact landscaped frontage and a residential investment profile suited to detailed capital works assessment.
The report records the property as completed circa February 2024 and available for rent from 22 May 2026. The opening year was therefore calculated on a 40-day pro-rata basis.
Plain-English value summary
BWK Group identified $357,816 in total depreciation deductions for this investment property. The first-year pro-rata claim was $1,110 because the property was only available for rent for 40 days, then increased to $10,192 in the first full financial year. The report identified a substantial adjusted Division 43 base and separated affected Division 40 items.
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 | $1,110 |
|---|---|
| 2026-2027 | $10,192 |
| 2027-2028 | $10,068 |
| 2028-2029 | $9,969 |
| 2029-2030 | $9,889 |
| 2030-2031 | $9,826 |
| 2031-2032 | $9,775 |
| 2032-2033 | $9,725 |
| 2033-2034 | $9,659 |
| 2034-2035 | $9,573 |
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 | $355,232 |
|---|---|
| Estimated Division 40 benefit | $2,584 |
| Original capital works cost | $396,032 |
| Less affected Division 40 items | $13,131 |
| Adjusted Division 43 base | $382,901 |
| First-year pro-rata period | 40 days |
| First full financial year claim | $10,192 |
Where the value came from
The majority of the result came from the adjusted Division 43 capital works base, with affected Division 40 items separated from the building write-off calculation.
Why BWK Group
The report gives the owner and accountant the headline numbers, the adjusted capital works base, and a year-by-year deduction forecast rather than a generic estimate.
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.