Thanks Christopher,

I guess that this is the essence of the problem, the Australian and NZ tax systems seem very similiar except for depreciation. In my case it seems that all this wonderful depreciation I’ve just claimed in NZ will have to be handed back when I lodge my return in Australia.

This leads to my next question. Is it not better to have never claimed this depreciation in NZ (as I understand you can do). I’m wondering this because I realize that it will eventually be handed back in time through their “claw-back” provisions anyway. Is their any point in having it considering that it seems of no use in the Australian system anyway? Indeed it might be beneficial to have never claimed it in the first place.

Cheers
Scally.