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.
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.
Unlock the full example
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.