You Guide to Capital Gains & Depreciation Schedule Examples

digg_url = ‘http://theyounginvestor.com.au/2009/02/02/effective-lives-for-depreciation-schedule/’;
digg_title = ‘Effective lives for depreciation schedule’;
digg_bodytext = ‘Depreciating asset Effective life in years
Carpets
- in commercial office buildings 8
- in ten-pin bowling centres 4
-Computers
-generally 4
-laptops 3
Curtains and drapes 6
Fire extinguishers 15
Hot water installations for commercial
office buildings (excluding commercial boilers and piping)15
Lawn mower- motor 62/3
- self-propeled  5
Library (professional) 10
Motor vehicles
- cars generally 8
- hire [...]

digg_url = ‘http://theyounginvestor.com.au/2009/01/30/example-of-depreciation-calculation/’;
digg_title = ‘Example of Depreciation Calculation’;
digg_bodytext = ‘
Capital gain on depreciating asset
Larry purchased a truck in August 2006 for $10,000 and sold it in June 2008 for $8,000.
He used the truck 10% of the time for private purposes.
The decline in value of the truck under the UCA system up to the date [...]

digg_url = ‘http://theyounginvestor.com.au/2009/01/26/capital-gains-losses-and-depreciation/’;
digg_title = ‘Capital gains, losses and depreciation’;
digg_bodytext = ‘
Capital gains or capital losses only arise from the disposal (ie. sale) of a depreciating asset.
A gain or loss will only arise to the extent that you have used the asset for a non-taxable purpose (eg. Private purposes).
Capital gains and losses can be calculated [...]

digg_url = ‘http://theyounginvestor.com.au/2008/04/28/are-you-maximising-tax-depreciation-and-capital-allowance/’;
digg_title = ‘Are You Maximising Tax Depreciation and Capital Allowance?’;
digg_bodytext = ‘All types of income producing properties have substantial taxation benefits available to be claimed as a tax credit. Many property investors are missing out on thousands of dollars in tax depreciation deductions. Both new and old properties will attract some depreciation [...]

digg_url = ‘http://theyounginvestor.com.au/2008/04/27/tax-depreciation-an-investor-profile/’;
digg_title = ‘Tax Depreciation: An Investor Profile’;
digg_bodytext = ‘The depreciation benefit to every investor will vary. The following example has been provided as an approximate guide, using the diminishing value of depreciation.
Property:
A two bedroom unit purchased for $400,000
Income:
Rented for $385 per week
Total income of approximately $20,000 per year
Expenses:
Interest, rates and management expenses $32,000 [...]

digg_url = ‘http://theyounginvestor.com.au/2008/04/26/top-ten-tax-depreciation-tips/’;
digg_title = ‘Top Ten Tax Depreciation Tips’;
digg_bodytext = ‘1. If my property was built before 1985, is it too old?
No. It is worth noting that:
? Your investment property does not have to be new: Both new and old properties will attract some depreciation deductions. A common myth is that older properties will attract [...]

digg_url = ‘http://theyounginvestor.com.au/2008/04/18/how-can-i-maximise-depreciation/’;
digg_title = ‘How can i maximise depreciation?’;
digg_bodytext = ‘In order to maximise the tax benefit your investment property will attract, you will require the services of a recognised Quantity Surveyor with specific property tax depreciation skills and experience. To ensure you claim all your entitled depreciation deductions a site inspection will need to [...]

digg_url = ‘http://theyounginvestor.com.au/2008/04/18/becoming-depreciation-wise/’;
digg_title = ‘Becoming Depreciation Wise’;
digg_bodytext = ‘In terms of depreciation, what should you consider when making an investment property purchase decision?
If you are looking to purchase an investment property, it is worthwhile asking yourself a number of questions. While many investors consider location, purchase price and tenanting ability when contemplating an investment [...]

digg_url = ‘http://theyounginvestor.com.au/2007/12/17/what-is-a-tax-depreciation-schedule/’;
digg_title = ‘What is a tax depreciation schedule?’;
digg_bodytext = ‘Depreciation is sadly often missed by investors, but it is a legitimate tax deduction.
The Tax office admits that 52% of investors don’t claim what they are legally entitled to. Don’t let it happen to you!
There is no cash outlay required to legitimately claim [...]