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  • Profile photo of manchilmanchil
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    @manchil
    Join Date: 2004
    Post Count: 1

    I concur with Scott from Depreciator.
    Also, you need to be mindful that there are two types of deductions available; depreciation on depreciable assets and capital allowances on the construction cost of the building.
    Depreciable assets are things such as white goods, carpets and furniture, that are depreciated at differing rates. Where as the construction cost allowance is basicaly the building cost (less specific costs) depreciated over 40 years or at 2.5%/year. Generally this is available to residential buildings constructed after 1985. There are many variables to determine if a taxpayer is entitle to deductions.

    Our firm charges $620 for a Capital allowance and Depreciable asset schedule, however we only work on the Sunshine Coast, or venture to the Gold Coast if we have more than three schedules to do, as an onsite inspection is required. Furthermore, we charge an extra $120 to analyse furniture packages.

    Malcolm (07) 5446-6755

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