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  • Profile photo of wnhkwnhk
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    @wnhk
    Join Date: 2016
    Post Count: 4

    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

    Profile photo of wnhkwnhk
    Participant
    @wnhk
    Join Date: 2016
    Post Count: 4

    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?

    Profile photo of wnhkwnhk
    Participant
    @wnhk
    Join Date: 2016
    Post Count: 4
Viewing 3 posts - 1 through 3 (of 3 total)