All Topics / The Treasure Chest / Quick Guide to Depreciation…

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  • Profile photo of battz71battz71
    Participant
    @battz71
    Join Date: 2003
    Post Count: 95
    September 19, 2003 - 12:41 am

    G’day all,

    Just in the process of organising my first IP (very exciting times, and it does feel like playing Monopoly!)

    I have downloaded the Ez-Rent software but im unsure of how the depreciation works. The property I have bought is prior to 1985, so my question relates to what can be claimed and how to approximate the amounts.

    Any easy read web sites?

    Cheers,

    Battz

    Profile photo of AdministratorAdministrator
    Keymaster
    @piadmin
    Join Date: 2013
    Post Count: 3,225
    September 19, 2003 - 4:28 am

    Battz, there was a fair bit of discussion about depreciation on older properties in the post:
    https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=2867
    You should have a chat to a quantity surveyor. Usually they can give you good advice about your property (eg if it’s worth the expense of a Q/S report) over the phone. There are a couple of links in that post.
    hth
    Jim

    Profile photo of battz71battz71
    Participant
    @battz71
    Join Date: 2003
    Post Count: 95
    September 19, 2003 - 4:40 am

    Great, thanks for the reply!

    Cheers,

    Battz

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