Rental properties and second-hand depreciating assets

September 6, 2022 | Robyn Bull

The ATO is reminding taxpayers that have a residential rental property, to take care when making claims for ‘second-hand depreciating assets’ used in their properties.

In most cases, these are items that existed in the taxpayer’s property when they purchased it, or were in their private residence (which they later rented out), such as:

Since 1 July 2017, taxpayers generally cannot claim the decline in value of second-hand depreciating assets (some limited exceptions do apply).

However, this rule does not apply to a property that was rented out before this date, or if it is newly built or substantially renovated (conditions apply).

If you have a residential rental property, to help us get your claim right, please answer the following:








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