I believe it should because i'm baised!BUT in reality the depreciation on a property is more GUARANTEED then your rental income. I guess banks look at the fact you need a job 1st though for the depreciation benefits to kick in.Sigh

Hi

To estimate your project…you could use our new free calculator –
Found here:

Calculators

Regards

Tyron

Hi We service the Geelong area.RegardsTyron Hydewww.washingtonbrown.com.au

Hi

Use our depreciation calculator to work out how much you can claim.

Find it here

http://www.washingtonbrown.com.au

Regards

Tyron

HI MJT

To get an estimate of the likely depreciation…

Us the depreciation calculator on our website

http://www.washingtonbrown.com.au

Regards

Tyron

Hi Getting startedThis article i wrote might help you, particularly "option 2"http://www.washingtonbrown.com.au/property-news/building-allowanceRegardsTyron

HiYou also need to factor in the depreciation allowances.Use our calculator to get an approx. cost.All the best with the decision.RegardsTyron

Hi MickYour query is best answered by using our calculator and comparing the answers @ http://www.washingtonbrown.com.auI think you'll find the actual depreciation won't be that far different.There is long winded reason why…but i'm off for a walk!RegardsTyron

Edvico_kvn wrote:
Also in the first tax return, you can claim strata, water rates and council rates you would have paid to the vendor on settlement of the IP.  The settlement letter will show the amounts you can claim in the 1st year tax return.With regards to claiming depreciation of building and fittings, they are certainly deductible during…[Read more]

Hi Cama20If the original construction costs were not transferred to you at settlement – you will need an appropriately qualified person to estimate the original construction costs.To get an estimate yourself now – use our depreciaton calculator – which you can find here http://www.washingtonbrown.com.auDuckster has answered the rest of your queries.RegardsTyron

[/quote]Thank for reply Terry,I want to clarify couple of thing:What is the receipt required for the travel expenses?How do I get the depreciation of the building and fitting if I want to buy the strata unit? Does ATO have a certain way to calculate it? Thank again,DNA4[/quote] Hi DNA4If the original construction costs are unknown  – ie they w…[Read more]

Go to http://www.homeworld.com.auAnd talk to builders directly.Will work out far cheaper – might not be exactly your design.regardsTyron

Absolutely you can. What a bonus!This question will be pondered by investors more and more as rates come down.Work out how much you can claim using our calculator. http://www.washingtonbrown.com.auRegardsTyron

We recently released oneTry it @ http://www.washingtonbrown.com.auIts uses live data .RegardsTyron

Hey You may find this article of interest in relation to buying a new property vs. a second hand property.http://www.washingtonbrown.com.au/news/depreciation-for-profit.htmRegardsTyron Hydewww.washingtonbrown.com.au

Hi TheresaWe do alot of work in SA if thats of interest.Please review our site @ http://www.washingtonbrown.com.auRegardsTyron Hyde

elkam wrote:
Having said that as the property was built in 1986 the depreciation on the original building has now expired.

Not too sure about this!Still should be plenty of depreciation for you.RegardsTyronwww.washingtonbrown.com.au

Billy

I think you’ll find residential depreciation laws are not the same in the UK.

IE you can only depreciate Commercial properties.

Napier Blakely Winter (Who are linked to Napier Blakeley) will be able to assist you.

When googling in the UK -try “Chartered Surveyors” not Quantity Surveyors…you may have more luck that way.

Or try the…[Read more]

Talk about a turkey slap in the face!!!

Hi Elka

To a certain degree your nephew is correct.

The ATO has released a pretty comprehensive list of what is plant and what is capital.

Why people would use a QS in the situation would include…

A. Well most firms would give you a year by year breakdown and an analysis of prime cost vs. Diminishing Value.

B. Would be able to…[Read more]