Depreciation Schedule

Viewing 6 posts - 1 through 6 (of 6 total)

francisl
Member
@francisl
Join Date: 2005
Post Count: 32
October 26, 2005 - 1:38 am
Dear gurus,
I am a new Investor and just bought a house in a regional town. I plan to find a Quantity Surveyor to produce a Depreciation Schedule (ATO compliant). However, there is no Quantity Surveyor service in this or nearby towns. Is there other ATO compliant alternatives?
Can estimated values by an estate agent satify the rules?
Please advise. Much appreciated.
Regards,
Francis
Mortgage Hunter
Participant
@mortgage-hunter
Join Date: 2003
Post Count: 3,781
October 26, 2005 - 1:50 am
Contact depreciator who posts here.
He can help you out using photos etc if need be.
Cheers,
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
francisl
Member
@francisl
Join Date: 2005
Post Count: 32
October 26, 2005 - 3:47 am
Dear Simon,
Thank you for your advise.
Can estimated values by an estate agent satify the ATO rules?
Regards,
Francis
redwing
Participant
@redwing
Join Date: 2003
Post Count: 2,733
October 26, 2005 - 4:00 am
Wouldn’t think so..not qualified?
REDWING
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Mortgage Hunter
Participant
@mortgage-hunter
Join Date: 2003
Post Count: 3,781
October 26, 2005 - 4:46 am
I am with Redwing there. Let me get Scott to answer this for you!
Cheers,
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
depreciator
Member
@depreciator
Join Date: 2003
Post Count: 541
October 26, 2005 - 6:28 am
I’m back – been in Brisbane.
Francis, estimating construction cost is something that only people with certain qualifications can do. Quantity Surveyors are at the top of the heap, but estimators and some builders can do it, too. Agents, accountants etc can’t.
I’m assuming you do need the construction cost estimated? If it’s just the fixtures and fittings, you can estimate them yourself.
If you can tell me where the property is and how old it is I will be able to give more assistance.
Scott
Tax Depreciation Schedules
Australia wide service
1300 660033
[email protected]
http://www.depreciator.com.au