Why tax depreciation matters in TAS
Tasmania's population of around 575,000 is split between Greater Hobart (~250,000), Greater Launceston (~90,000) and the North West coast (Devonport, Burnie). Tourism (MONA, the Overland Track, Cradle Mountain), agriculture, aquaculture and a deepening short-stay accommodation market underpin a steady investor pipeline.
A TDA quantity surveyor-prepared tax depreciation schedule identifies every deductible asset under Division 40 (Plant & Equipment) and Division 43 (Capital Works), prepared in line with ATO TR 2024/1.
The s40-27 second-hand rule (TAS residential investors)
For residential property acquired after 9 May 2017, only first-use plant & equipment is deductible. Short-stay accommodation operated as a commercial business (very common across Hobart, Launceston and the East Coast) retains the full Division 40 deduction - a meaningful additional deduction stream for Tasmanian investors.
Markets we cover across Tasmania
- Greater Hobart - CBD, Battery Point, Sandy Bay, Kingston, Glenorchy
- Greater Launceston - CBD, Riverside, Newstead, Mowbray
- North West coast - Devonport, Burnie, Ulverstone
- Industrial & agricultural - Brighton, Cambridge, Wynyard, Tamar Valley
