HI Everyone,
I would like to know the tax depreciation of an apartment, will it affect the apartment value when it is going to be finance?Only if the property comes with a furniture package or similar.
Basic fixtures & fittings do not normally effect the valuation.
Of course with the odd exception. If you are going to buy a property with solid gold taps they can depreciated however the property value may not be increased to allow for this.
Richard Taylor | Australia's leading private lender
I believe it should because i'm baised!
BUT in reality the depreciation on a property is more GUARANTEED then your rental income.
I guess banks look at the fact you need a job 1st though for the depreciation benefits to kick in.
Sigh
On an unit price of $400,000 what would an expectation be for depreciation benefit p.a. How do they break down land component vs building vs fixtures etc
Hi Jazamite
Go to our website
http://www.washingtonbrown.com.au
We have a free dep calculator that will help you.
Cheers
Tyron
excellent – thanks
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