A friend of mine had a IP now PPOA, which was a IP for 4 years. There was no Depreciation Schedule done for tax purposes. Would it be advisable to get a depreciation schedule done for those 4 years? I realise there is some guidance on pre 85 built houses as this one was built in 1980.
Why not get him to merely ring one of the QS firms and ask them.
Most in my experience will give you a good guide over the phone without having to go the expense of a full report.
Washington Brown / Depreciator / Napier Blakely are a few of the bigger firms with representation in most States.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
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