Depreciate tiles & vinyl flooring over different periods of time?

[brrmm]

I need to change flooring in my IP.

Will rip up all carpets and only replace in the 3 bedrooms.
Need to put in some kind of flooring in rest of house including kitchen.

I understand this will all fall under Capital works, but I have read somewhere on this forum where you can depreciate tiles faster than you can vinyl. (or v.v.)

Does anyone know if this is the case? Are there different materials that you can depreciate quicker over time than others?

If so, how about that floating floor material?

Thanks folks for any info you can shed light on.

 

[depreciator]

Floating floor, carpet and lino all depreciate quickly. They are 'Assets'.

Ceramic tiles depreciate slowly. They are stuck to the building i.e. Capital Works.

 

[brrmm]

Aaah, thanks Depreciator, that makes sense now.

Man, this depreciation/repairs area is a minefield. Thanks for answering so quickly.

Will now look into floating floors for living areas, carpet for bedrooms, and vinyl for kitchen.

Cheers

 

[depreciator]

I'm in the office today and tomorrow. Give me a call if you want to have a chat about repairs. They can indeed get tricky.

 

[vaughan]

Google "ato guide depreciating assets" and you'll get a link to the official document.