Let me introduce myself…..

Hi,

My Name is Tyron Hyde and i’m a director of Washington Brown Depreciation. A Quantity Surveying firm that specialises in Tax Depreciation on Investment Properties.

I wrote my thesis on this topic many moons ago @ UTS.

So if you have any queries i’m more than glad to help (when i can) -cause in case you didn’t notice there is a bit of work out there @ the moment!

A new ruling was released this week that disallowed certains of items of “plant” and “articles” which may be of interest…

The ATO agreed that the disputed items were not “plant” or “articles” as follows.

The electrical switchboards, mains and sub-mains cables along with gas and telephone installations were an integral part of the structure of the building.
The kitchen counter fittings, the bathroom mirror, the glass shower screen, and the wardrobe shelving and the mirrored doors were part of the fabric of the apartment.
The sliding security screen and other security items such as floodlights, gates, deadlocks and the letter box were also part of the structure of the building.
The pool and spa were entertainment or leisure items which were not integral to the rental income-earning process.
The bollards or vehicle control equipment also formed part of the structure of the building.

We were not claiming these items (except)- above ground pools.

We also act as the bank auditor on many many projects – so my knowledge of development or more importantly development funding is reasonably high too.

I must say – i am impressed with the quality of posts on this site.

But please dont ask me questions like “i am building home in mollymook – what do you think it will cost” etc…

Its just too hard without docs. and in this litigious world that we live in today – i don’t want someone coming to me in a 2 years time that took my advice based on this site – it went wrong and they are now looking for people too blame. Especially considering i have stated my occupation.

PI insurance already doubled this year and whilst i have QBE shares i do not want to persoannly increase their share price!

Regards

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