What are plant and equipment assets?
Frequently Asked Questions:
The term “plant and equipment” refers to the fixtures and fittings that are found within investment properties and are generally easily detachable from the property. The ATO recognises more than 6,000 different assets that investors can claim tax deductions on.
Here are some items that are considered plant and equipment fixtures:
| RESIDENTIAL | COMMERCIAL |
| Oven, stovetop and rangehood | Fire hydrant booster |
| Air-conditioning units | Billi hot water unit |
| Smoke alarms | Door closers for door struts |
| Downlights | Coffee machine |
| Electric garage door & remotes | Warehouse cranes & hoists |
