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wnhk

  • wnhk replied to the topic capital works for tax depreciation in the forum General Property 8 years, 7 months ago

    will do that on Monday. Suppose I did a capital works dep….this year i claimed 4,000….and next year i did not have rental income , which means I did not utilise the deduction. will only 4000 be added back, or the 8000 (2 years), as a simple example….hard to believe ato will add back what i did not claim as deduction

  • wnhk replied to the topic capital works for tax depreciation in the forum General Property 8 years, 7 months ago

    Thanks for he suggestion, still deciding if I should have one done, as I will need to add back the depreciation claimed when I sell.
    Would you know whether ,…Do we add back the entire depreciation, or just the depreciation used to offset the income?

  • wnhk replied to the topic capital works for tax depreciation in the forum General Property 8 years, 7 months ago

    ok tks

  • wnhk started the topic capital works for tax depreciation in the forum General Property 8 years, 7 months ago

    Hi. Just wondering if its acceptable to the ATO if we use the website online calculators to estimate the capital works of townhouse for tax depreciation schedule. Thanks Winston

  • wnhk became a registered member 8 years, 7 months ago

wnhk

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