Investment Property Depreciation Calculator
Estimate the depreciation deductions on an investment property: capital works on the building and any renovations, plus plant and equipment where you can claim it, and the tax they save at your marginal rate. Calculations run in your browser.
Frequently asked questions
What is Division 43 depreciation?+
Division 43 lets you deduct the construction cost of a residential building at 2.5% a year for 40 years, for buildings whose construction started after 15 September 1987. Structural renovations get their own 40-year schedule from completion. It applies to new and second-hand buildings alike.
What is Division 40 depreciation?+
Division 40 covers plant and equipment such as ovens, hot water systems, carpets and blinds, each written off over its effective life. Since 9 May 2017 it generally cannot be claimed on previously used assets in a second-hand residential property bought after that date, so it mainly benefits new builds.
Do I need a quantity surveyor?+
For your tax return, usually yes. The ATO accepts a depreciation schedule prepared by a qualified quantity surveyor, who can estimate the construction cost when you do not know it. This calculator is for a quick estimate before you buy or order a report.
Does depreciation affect capital gains tax?+
Yes. Division 43 deductions you have claimed reduce the property's cost base, which increases the capital gain when you sell. The CGT calculator shows the tax on a sale.
Is this tax advice?+
No. It is a simplified estimate. Confirm deductions with a registered tax agent and a quantity surveyor's schedule.
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