|
BUILDING WRITE OFF |
|
Type |
Construction Commenced |
Rate % |
|
Residential |
18/07/85 – 15/09/87 |
4% |
|
|
16/09/87 – 26/02/92 |
2.5% |
|
|
27/02/92 onwards |
2.5% or 4% |
|
Non Residential |
20/07/82 – 21/08/84 |
2.5% |
|
|
22/08/84 – 15/09/87 |
4% |
|
|
16/09/87 – 26/02/92 |
2.5% |
|
|
27/02/92 onwards |
2.5% or 4% |
| ACCELERATED DEPRECIATION RATES |
Effective Life (Years) |
Prime Cost % |
Diminishing Value % |
Less than 3 |
100 |
100 |
3 to less than 5 |
40 |
60 |
5 to less than 6 2/3 |
27 |
40 |
6 2/3 to less than 10 |
20 |
30 |
10 to less than 13 |
17 |
25 |
13 to less than 30 |
13 |
20 |
30 and over |
7 |
10 |
Last updated: July 2010
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