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.
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.
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 and gives the owner a clear claim profile from a short opening year into recurring full-year deductions.
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See the detailed depreciation breakdown
The public case study above shows the property type, headline result and report-specific review notes. Leave your details to view the graph, first 10-year deduction extract and accountant-ready figures for this guide-only example.
Guide only. These figures are examples from a completed report and are not tax advice or a prediction of your result.
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.