Plant and equipment, what can i deduct?

The plant and equipment ( division 40) are those items which are not classified as capital works ( division 43). These items are able to be depreciated at a much faster rate but vary between items as shown by the ATO effective life guidelines, these are items that have a shorter “wear & tear” effective life than the main building structure and as such are granted an accelerated rate of depreciation.

The capital works (division 43) is the actual main building structure part of the building and the amount of deduction is either 2.5% or 4 % depending on the age of the original construction or its use.

The following list of Plant & Equipment is not the entire list of depreciable items claimable but are the most common items found in 90% of investment properties. The effective lives are also different depending on when the assets were acquired as either before July 2004 or after.

As at Wednesday the 15th of Novemeber 2017, the new Treasuary laws amendment ( Housing Tax Integrity ) Bill 2017, owners of second-hand residential properties ( where contracts were exchanged after 7.30pm on the 9th of May 2017 ) will be no longer able to claim depreciation on Plant and Equipment assets, ie carpet, window blinds, ceiling fans etc. However you can still claim the Capital works ( division 43 ) the structural part of the property.

Specific commercial property has more specialised plant and equipment / effective lives and are not included.

General assetsEffective life before 1 July 2004Effective life after 1 July 2004
Air conditioning, wall unit10 Years10 Years
Air conditioning, split system10 Years10 Years
Air conditioning, ducted10 Years15 Years
Carpet10 Years10 Years
Vinyl / Linoleum flooring10 Years10 Years
Floating timber floor10 Years15 Years
Rugs10 Years7 Years
Window blinds10 Years10 Years
Window curtains6.66 Years6 Years
Ceiling fans5 Years5 Years
Hotwater system, Gas20 Years12 Years
Hotwater system, Electric / Gas20 Years12 Years
Hotwater system , Solar20 Years15 Years
Vacuum cleaner ducted10 Years10 Years
Heaters, Electric / Gas10 or 15 Years15 Years
Heaters, ducted gas15 Years15 Years
Door closers10 Years10 Years
Intercom10 Years10 Years
Security alarm6.66 Years5 Years
Smoke detectors20 Years6 Years
Fire extinguisher13.33 Years15 Years
Garage door motor10 Years10 Years
Garage door remotes5 Years5 Years
Freestanding wardrobes13.33 Years13.33 Years
Lifts16.66 Years30 Years
Kitchen, Bathroom & Laundry AssetsEffective life before 1 July 2004Effective life after 1 July 2004
Stove20 Years12 Years
Electric cook top12 Years12 Years
Gas cook top12 Years12 Years
Oven12 Years12 Years
Rangehood12 Years12 Years
Dishwasher10 Years10 Years
Fridge / freezer13.3 Years12 Years
Microwave6.6 Years10 Years
Clothes dryer10 Years10 Years
Washing machine6.6 Years10 Years
Garbage disposal unit / Incinerator6.6 Years10 Years
Exhaust / heat lamps10 Years10 Years
Spa bath pump20 Years20 Years
Shower curtain2 Years2 Years
Heated towel rail10 Years10 Years
Shared Common AssetsEffective life before 1 July 2004Effective life after 1 July 2004
Lifts16.6 Years30 Years
Entry gate motor10 Years10 Years
BBQ freestanding5 Years5 Years
Intercom10 Years10 Years
Access control, entry, security4 Years5 Years
Door closers10 Years10 Years
Fire hose reels20 Years10 Years
Fire extinguishers13.3 Years15 Years
Fire indicator panel20 Years12 Years
Fire hydrant booster pump20 Years25 Years
Gym Equipment, cardiovascular5 Years5 Years
Gym Equipment, resistance10 Years10 Years
Outdoor AssetsEffective life before 1 July 2004Effective life after 1 July 2004
Entry gate motor10 Years10 Years
Swimming pool filtration equip13.3 Years12 Years
Swimming pool cleaning equip13.3 Years7 Years
Swimming pool heater, electric /gas13.3 Years20 Years
Spa pool freestanding20 Years17 Years
Sauna heating assets15 Years15 Years
Watertanks, plastic, metal, concrete30 / 25 / 15 Years30 / 25 / 15 Years
Pumps, water, sewer20 Years20 Years
Irrigation Controller5 Years5 Years
Garden Shed15 Years15 Years

GET IN TOUCH WITH US TODAY

When you want the very best, contact Budget Tax Depreciation. Let us show you how we can not only save you money on your taxes but also get your highest, healthy refund at the end of the year.

We provide Tax Depreciation Schedule services to: Brisbane, Sydney, Melbourne, Gold Coast, Sunshine Coast, Ipswich, Springfield Lakes and North Lakes.

Phone: 1300 884 215
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When you want the very best, contact Budget Tax Depreciation. Let us show you how we can not only save you money on your taxes but also get your highest, healthy refund at the end of the year. We provide Tax Depreciation Schedule services to: Brisbane, Sydney, Melbourne, Gold Coast, Sunshine Coast, Ipswich, Springfield Lakes and North Lakes.
  • Tax Depreciation in the Gold Coast, Suite 30610, Level 6, Southport Central 3 Commercial, 9 Lawson Street, Southport, QLD 4215, https://budgettaxdep.com.au/gold-coast-best-tax-depreciation-service-provider-1-rated/
  • Tax Depreciation in Brisbane, 13 Hubbard Street, Wavell Heights, QLD 4012
  • Tax Depreciation in Brisbane , 8 Bluegum Rise, Anstead, Qld 4070
  • Tax Depreciation in Sydney, Unit 42, 1-5 Collaroy Street, Collaroy, NSW 2097
  • Tax Depreciation in Melbourne, Unit 9, 440 Collins Street, Melbourne, VIC 3000

Phone: 1300 884 215 | Address: 13 Hubbard Street, Wavell Heights, Brisbane, QLD 4012

  • Phone: 1300 884 215
  • Address: 13 Hubbard Street, Wavell Heights, Brisbane, QLD 4012
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