as per above, only capital allowance will add to cost base when on-sell the property. The tax claims from Plant and equipment wont add to cost base. Is this still applied to new budget rule?

For the new budget rule, plant and equipment depreciation deductions is only for those expenses incurred by investors.

how do you think it will affect the property market?

Thank you Pimobpo and Benny. You mentioned a lot of areas I did not consider before. This post will help others who have the same question. Thank you as always.

very good point blackhotel. I agree with you, ATO ask for receipts. The hand written receipts are receipts too. That is my understanding too. Anyone correct us if we are wrong:)

Thank you Terry:)

Thank you Richard. I will keep in touch.

By the way, I am in Adelaide. Hope it still works.

thank you Jamie

Thanks Ben, thanks Terry.

Does anyone have good accountant with property focus in Adelaide? Or do anyone use good online accountant who are very good at investment property, etc?

• This reply was modified 8 years, 6 months ago by  Nan. Reason: add more

Hi Richard,

Thank you so much.

Sorry, I am a bit new with all of these. You mention ‘any Capital Allowance claim’, does it include the strata fee, maintenance fee, agents rental management fee we claim every year?

Kind Regards,