Tax Depreciation Examples
AGRICULTURAL
A Central West NSW mixed cropping and livestock farm purchased for $ 1.5 million claimed items including: Sheds, silos, fences, stockyards, house, resulting in a total claimable amount of $285,000, or 19%. A deduction of $23,604 in first full year.
A Queensland cattle property purchased for $ 1.8 million claimed items including: Fences , sheds, Yards, House etc resulting in a total claim of $ 405,000 or 22%. A deduction of $35,593 in first year.
A Western NSW crop and sheep farm purchased for $ 2.7 million claimed items including: Sheds, Fences silo and houses and stock watering system. Total claimable of $ 669,182 or 25%. A deduction of $ 41,858 in the first full year.
A Southern NSW Irrigation farm purchased to grow cotton and rice at approx. $580,000 had items claimable that included: irrigation- earth channels /culverts, sheds and house resulting in a total claimable amount of $190,000. or 32% of purchase price. A deduction of $12,972 in first full year.