Hello
Is deprecation worth claiming? I mean, if you are going to keep the property then I believe that it is worth it, but if you are going to sell the property in the future then claiming depreciation may not be such a great idea.
Can anyone please share your thoughts on the above. Am I right? Wrong?
Thank you
Nathan
I love depreciation
It’s why I look forward to tax time. Admittedly, I haven’t considered selling any properties – but even if the thought was in the back of my mind, I’d still be claiming it each year (that’s just me though – others might have a different take on it).
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]
It is the Building Write off claim that if claimed adjusts the Capital base when the property is sold and not the Depreciation element.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
Yes definitely.
On all mine I have received more than the cost of the dep schedule in the first year.
Email depreciator.com and ask for a cost estimate. He'll tell you if it's not worth doing.
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