New Garage

Scenario: I currently have several rental properties including one freestanding brick/tile house on an acreage. The house has a double garage. That said, I am thinking of having a detached, steel garage constructed on the block with a gravel driveway for access (most Tenants who live on acreages in the area seem to like storage for boats and other toys/stuff).

There is ample room on the block.

Question: How will the ATO view the construction of the steel garage and gravel driveway? 2.5% write off over 40 years depreciation? Some other depreciation scale? No depreciation?

Cheers

 

Div 43 provided it is used solely as a element of the rental property. Otherwise, adjust for other use. It is a structure. Automagic roller motor unit may be Div 40 if one was fitted.

 

I'm interested to know where you're coming from. At a glance (and with a second opinion) it appears to be Division 43 to me.

 

Doc 43 2.5%

 

TYPO...2.5% Div 43....Corrected