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  • Profile photo of washingtonbrownwashingtonbrown
    Participant
    @washingtonbrown
    Join Date: 2006
    Post Count: 44
    June 22, 2006 - 12:11 pm

    Hi

    As for the building depreciation….

    Allow about 5-8% of the building construction cost as your first year depreciation….(of building plant and building) as your deduction.

    It will vary depending upon the finishes you use.

    Regards

    Tyron
    http://www.washingtonbrown.com.au

    Profile photo of washingtonbrownwashingtonbrown
    Participant
    @washingtonbrown
    Join Date: 2006
    Post Count: 44
    May 28, 2006 - 8:44 am

    Hope you both get something out of it!

    We are about to release some exciting newsworth stuff…so i hope you have both joined the subscription section.

    Regards

    Tyron Hyde
    http://www.washingtonbrown.com.au

    Profile photo of washingtonbrownwashingtonbrown
    Participant
    @washingtonbrown
    Join Date: 2006
    Post Count: 44
    May 20, 2006 - 8:02 am

    Hi Mark

    Yes the depreciation will only last 25 years in that case. In terms of whether the original intention has to be an investment property…

    You must know more than the average punter!…This was the case many years ago but was changed. It is not the case now.

    It would be impossible know what the original intention of that ownnership was in 1987.

    IF u r interested in 4% allowances etc….

    Have a read of this article i wrote for the Australian Property Investor Mag.

    http://www.washingtonbrown.com.au/news_story8.htm

    Regards

    Profile photo of washingtonbrownwashingtonbrown
    Participant
    @washingtonbrown
    Join Date: 2006
    Post Count: 44
    May 16, 2006 - 8:15 am

    This is correct – to be precise the dates are

    From the 18-7-1985 to 15-9-1987 the allowance is 4%. The relevant date is the commencement of construction in order to qualify.

    If you go to our website http://www.washingtonbrown.com.au and download the brochure…you have it mapped out for all different property classes.

    Now these dates only are relevant to the building alowance….

    Regards

    Tyron Hyde
    http://www.washingtonbrown.com.au

Viewing 4 posts - 41 through 44 (of 44 total)
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