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NBtax Tax Bites

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Depreciation Tax Benefits are Plentiful for Praque Edition Investors

Situated in Richlands, South East Queensland, the Praque Edition has all the hallmark of a superb property investment opportunity for savvy investors.  

Developed by the Azure Development Group, this stunning townhouse development, like its sister residential complexes – the Keona and the Cornelia Editions, the Praque offers plenty of depreciation benefits delivering thousands in tax savings. 

On average investors can claim approximately up to $13,400 per annum in depreciation deductions for both the Building and the Plant & Equipment items.

Our Property Tax Analysts have inspected the properties and prepared comprehensive and accurate depreciation reports for investors.

Below is a summary of the items eligible for depreciation allowances. As these are newly constructed townhouses, investors can claim depreciation on the Building (Division 43) and Plant & Equipment Items (Division 40).

Plant & Equipment Assets 

  • Premium carpets
  • Dual Split air conditioning
  • Ceiling fans
  • Blinds
  • Fire alarm and control systems
  • Dishwasher, ovens, stoves
  • Cylinder rangehoods and exhausts
  • Garage door motors
  • Hot water systems

Portion of Common Shared Assets

  • Large communal lawn
  • Outside furniture
  • Plant pots and planters
  • Garden watering equipment, pumps and timing devices
  • Pool and sun lounge areas  
  • Swimming pool filtration and pumps

We’re very honoured to work on so many quality apartment and townhouse complexes with prestigious developers throughout Australia. If you have purchased an investment property, contact our Property Tax team, as we may have consulted on your development and will have accurate costing on file. Our aim is to make claiming depreciation benefits easy, so you can achieve the maximum return on your investment.