I was just wondering how they work? I've got 4 properties all built before 1984, so i know i cant claim that deduction. The first 3 properties are just standard with kitchen and bathrooms that have being there for a while so nothing fancy or new. The fourth one which just settled has a 1 year old kitchen and new A/C and relatively new tiling. Is it only worth getting one done on the fourth one or is it more benficial to get them all done? Any help would be greatly appreciated
Cheers,
TonyTony Fleming | Triumphant Property Group
http://www.triumphantpropertygroup.com.au
Email MeNSW Buyer's Agent specialising in Western Sydney-Blue Mountains-Orange-Albury
Give this mob a call. They'll soon tell you whether it is worth the bother; http://www.corpred.com.au
Jacqui Middleton | Middleton Buyers Advocates
http://www.middletonbuyersadvocates.com.au
Email Me | Phone MeVIC Buyers' Agents for investors, home buyers & SMSFs.
Hi Tony
I think you’ll be suprised. Even the older properties usually have something worth claiming. The online depreciation calculator on the website suggested above will give you a good idea of how much you can claim.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Thanks guys. i'll go check it out. Do you only need to get it done every few years or is it an annually thing?
Tony Fleming | Triumphant Property Group
http://www.triumphantpropertygroup.com.au
Email MeNSW Buyer's Agent specialising in Western Sydney-Blue Mountains-Orange-Albury
Definitely worth doing – the schedule will be for 7 years. Your accountant will then be able to write off/add to it as needed
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