Second-Hand Depreciating Assets and Rental Properties
Second-hand depreciating assets are items that can lose value over time and are used in a rental property.
These can include things like flooring, air conditioners, and washing machines. Since 1 July 2017, you can’t claim the decline in value of these assets on their taxes unless the property is used for a business, they are an excluded entity, or the property was rented out before this date. There are some exceptions to this rule. You can find more information about this in the 2023 Rental properties guide.
https://www.ato.gov.au/forms/Rental-properties-2023/?page=4#Limitondeductionsfordeclineinvalueofseco
Rental Properties Guide
https://www.ato.gov.au/forms/Rental-properties-2023/