All Topics / Value Adding / rate of depreciation

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  • Profile photo of nejasnejas
    Member
    @nejas
    Join Date: 2008
    Post Count: 20
    March 25, 2008 - 7:20 am

    Hey people, can anyone tell me the rate at which items are depreciated? I know what can be depreciated for plant items, but I would like to know the rate? Eg $4500 spent on aircon, $2500 on new carpet, 3000 on painting?
    I am doing a reno and want to know if spending the majority of the $$ on depreciable items will turn the IP into a pos cashy?

    Cheers

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    March 25, 2008 - 9:57 am

    You should get the depreciation booklet from the ATO – it should be available for download.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

Viewing 2 posts - 1 through 2 (of 2 total)

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