Construction timing
Original premises recorded as circa 1960, with rental availability from 6 December 2022.
Tax depreciation case study
Southbank VIC apartment/strata property: $172,098 in deductions identified
A Southbank VIC apartment/strata investment property produced $172,098 in identified depreciation deductions, with a first full-year claim of $11,137.
Total deductions identified
$172,098
First full-year claim
$11,137
First-year pro-rata claim
$6,316
Adjusted Division 43 base
$445,482
Property snapshot
Apartment or strata residential investment property
The property presents as an apartment/strata-style investment property, where the depreciation schedule needed to consider the lot, building works and relevant shared-property context.
The report records the original premises as circa 1960, with rental availability from 6 December 2022. The opening year was calculated on a 207-day pro-rata basis.
Plain-English value summary
BWK Group identified $172,098 in total depreciation deductions for this Southbank investment property. The first-year pro-rata claim was $6,316, then increased to $11,137 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.
| 2022-2023 | $6,316 |
|---|---|
| 2023-2024 | $11,137 |
| 2024-2025 | $11,137 |
| 2025-2026 | $11,137 |
| 2026-2027 | $11,137 |
| 2027-2028 | $11,137 |
| 2028-2029 | $11,137 |
| 2029-2030 | $11,137 |
| 2030-2031 | $11,137 |
| 2031-2032 | $11,137 |
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 | $172,105 |
|---|---|
| Estimated Division 40 benefit | Not separately shown |
| Original capital works cost | $396,298 |
| Less affected Division 40 items | Not separately shown |
| Adjusted Division 43 base | $445,482 |
| First-year pro-rata period | 207 days |
| First full financial year claim | $11,137 |
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 building retrofit from offices to apartments, apportioned to entitlements and ownership, plus later cabinetry and stone benchtop works.
Adjusted Division 43 base
$445,482 after affected Division 40 items were considered for the public summary.
Part-year claim context
The first year was calculated on a 207-day pro-rata basis, so the first full-year claim is the cleaner comparison point.
Specific works captured
The schedule drew out the office-to-apartment retrofit and later cabinetry/benchtop works, making the claim basis more useful than a headline total alone.
Why BWK Group
The report gives the owner and accountant a cleaner way to see where the depreciation value came from, without exposing the private address.
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.