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  • Profile photo of twinztwinz
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    @twinz
    Join Date: 2010
    Post Count: 4
    June 22, 2010 - 8:42 am
    KateMelb wrote:
    Do you claim depreciation on your IP? Floor boards are a great depreciable item and repairs are fully tax deductible.

    My accountant told me not to worry about get a depreciation report done and he will calculate the depreciation rates as the house is very old (80 years old) despite that internal kitchen/ bathroom have been upgraded.

    Have arrange a meeting with the tenant this week , will let you guys know how it go then.

    Profile photo of twinztwinz
    Member
    @twinz
    Join Date: 2010
    Post Count: 4
    June 18, 2010 - 4:48 am

    Thanks for the comments, JacM.

    I talked to a RE agent also advised the same – it's consider careless from the tenant.

    I think this will be the last time I arranged a fully finished leasing agreement.

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