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Viewing 3 posts - 1 through 3 (of 3 total)
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All Topics / Help Needed! / Depreciation
Hi guyshow do I workout depreiation on my ip
That was built in 2008 and I purchased in 09 for $530k
best to get a depreciation report done by a depreciator they will go trough the whole property and determine what is depreciable and for what length of time and put together a report of depreciable assets for the coming 7 or so years
I'd get a depreciation report done. There are too many things you can miss to make it worthwhile doing yourself.
http://www.depreciator.com.au is great. Send Scott an Email and he'll give you a quote. You'll get more than the cost back in one year. Well much more on a new place. I got back a few thousand on a really old place with no new fittings etc.
The report covers the next 20 years. Just hand it to your accountant.
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