Case study:
Co-ownership example with and without a split report

Without split report - 50:50 ownership interest
Asset Oven Rangehood
Total opening cost $1,624 $468
Depreciation rate 16.67% 18.75% first year 37.5% second year onwards
Total first year deductions $271 $88
Firstyear deductions for each owner $135 $44
Second year deductions for each owner $113 $71

The above example shows what Laura and Ian could claim if the depreciation rules are applied first and then the first year deductions are divided in half to work out each owner’s claim based on a 50 per cent ownership share.

Laura and Ian could claim a total of $726 in depreciation deductions over the first two years of ownership for the oven and the rangehood in their investment property if using a standard depreciation schedule.


BMT Tax Depreciation 50/50 split report
Asset Oven Rangehood
Total opening cost $1,624 $468
Opening cost each owner $812 $234
Depreciation rate 18.75% first year 37.5% second year onwards 100% immediate write-off
Firstyear deductions for each owner $152 $234
Second year deductions for each owner $248 $0

By splitting the value of asset’s based upon each owner’s interest in the assets before applying the depreciation rules, Laura and Ian’s depreciation claim for the oven and the rangehood is increased.

A BMT Tax Depreciation split report allows Laura and Ian to claim a total of $1,268 over the first two years of ownership for these two items.

The additional deductions a BMT Tax Depreciation split report provides has even more significance when all of the assets found in Laura and Ian’s property are considered.

Learn more about the additional benefits of the split depreciation reports today


Assumptions and disclaimer

Case studies and figures are based upon tax depreciation schedules completed by BMT Tax Depreciation and do not represent any particular person or investment property scenario. The information provided is a general guide and does not constitute financial, legal or taxation advice. All figures are supplied as examples and may not represent your personal circumstances.

You acknowledge and agree you must undertake your own analysis and obtain independent legal, financial and taxation advice before using, relying or acting on any information supplied on this website.

Neither BMT Tax Depreciation, nor its Directors, Shareholders or Advisors make any representation or warranty as to the accuracy or completeness of information found in these typical examples. Nor will they have any liability to you or any other party for any representations (expressed or implied) contained in, or any omissions from, that information.

The tax depreciation deductions in this case study have been calculated based on the diminishing value method of depreciation and are based upon a first full year of ownership.

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Find out how much you could be claiming each year

Estimate your likely deductions using the free BMT Tax Depreciation Calculator, alternatively complete this form and one of our staff members will be in contact to provide a customised tax depreciation estimate for your property.

As you can see, property depreciation can make a significant difference to a property investor’s cash flow each financial year.

How do I organise a schedule?

Engaging BMT Tax Depreciation to complete a tax depreciation schedule for your investment property couldn’t be easier:
Get a Quote

Request a quote for your tax depreciation schedule.

Property details

We’ll collect property details, then contact your Property Manager or Tenant to arrange access to complete a property inspection.

Claim deductions

Your schedule will be available within 5 – 7 days of all information being gathered. BMT can even forward your schedule to your Accountant directly, saving you time.

It’s that simple. A depreciation schedule could save you thousands each financial year.
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