Original capital works
Circa 2016 original capital works cost recorded at $589,086.
Tax depreciation case study
Richmond VIC inner-city property: $432,765 in deductions identified
An inner-Melbourne residential investment property produced a strong capital works outcome despite a very short opening claim period.
Total deductions identified
$432,765
First full-year claim
$14,397
First-year pro-rata claim
$868
Adjusted Division 43 base
$575,863
Property snapshot
Inner-city residential investment property
The property presents as a compact modern inner-city residence with a recessed entry, contemporary wall finishes, timber-look door detailing and dense urban frontage.
The report records the property as completed circa December 2016 and available for rent from 9 June 2026. The opening year was calculated on a 22-day pro-rata basis.
Plain-English value summary
BWK Group identified $432,765 in total depreciation deductions for this Richmond investment property. The first-year pro-rata claim was $868 because the property was available for rent for only 22 days, then increased to $14,397 in the first full financial year.
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 | $868 |
|---|---|
| 2026-2027 | $14,397 |
| 2027-2028 | $14,397 |
| 2028-2029 | $14,397 |
| 2029-2030 | $14,397 |
| 2030-2031 | $14,397 |
| 2031-2032 | $14,397 |
| 2032-2033 | $14,397 |
| 2033-2034 | $14,397 |
| 2034-2035 | $14,397 |
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 | $432,765 |
|---|---|
| Estimated Division 40 benefit | Not separately shown |
| Original capital works cost | $589,086 |
| Less affected Division 40 items | $13,223 |
| Adjusted Division 43 base | $575,863 |
| First-year pro-rata period | 22 days |
| First full financial year claim | $14,397 |
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
$13,223 was separated from the structural base, leaving an adjusted Division 43 base of $575,863.
Occupancy context
Preoccupied residential property, so the second-hand plant restrictions were considered.
Inner-city benchmark
The page gives Richmond and inner-Melbourne prospects a more relatable example than a newer outer-suburban townhouse.
Pro-rata clarity
The very small first-year claim is explained by the 22-day rental-available period.
Why BWK Group
The report captures the long-term capital works value while keeping the public summary clear and privacy-safe.
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.