If my IP was buit before 1985, I uderstand I can still claim depretiation on the various items ie carpets, light fittings etc.
Do I need a professional to estimate the value of depreciable items or can I use my own reasonable estimate?
Where can I find a comprehensive list of depreciable items?
Regards
Gamay
Yes, under the self assessment rules you can use your own reasonable estimate. I’m happy to talk you through this over the phone. On the ATO site you would find the list, but I think it’s about 1500 items long. Again, a quick conversation will save you having to find this list and wade through it.
Scott
Tax Depreciation Schedules
Australia wide service
1300 660033
[email protected]
http://www.depreciator.com.au
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