Quantity Surveyor

Viewing 5 posts - 1 through 5 (of 5 total)

beaka84
Participant
@beaka84
Join Date: 2010
Post Count: 14
August 13, 2010 - 11:51 am
Hi all,
I will be turning my PPOR in an IP in the next couple of months. The house is only 3 years old. Do i need to engage a quantity surveyor or will the ATO allow me to estimate the value of my depreciable items (carpets etc) myself.
Thanks in advance
beaka
Terryw
Participant
@terryw
Join Date: 2001
Post Count: 16,213
August 13, 2010 - 10:41 pm
I think you need a QS or a qualified and registered builder to do an estimate. Or you could probably use the original costs – if you know. You shouldn't worry about the cost of a QS as it is deductible and they are bound to find many more items than you would on your own.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email Me
Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
beaka84
Participant
@beaka84
Join Date: 2010
Post Count: 14
August 15, 2010 - 1:44 am
Thanks Terry,
Much appreciated
Beaka
Investabit
Member
@investabit
Join Date: 2010
Post Count: 17
August 15, 2010 - 2:25 am
Hi Beaka,
I am a QS who specialises in depreciation, so take my advice with a pinch of salt!!!
I believe you would be mad not to engage the best QS you can get. Particularly a PPOR turned into an IP can be a ATO target
kind regards
George
beaka84
Participant
@beaka84
Join Date: 2010
Post Count: 14
August 15, 2010 - 8:35 am
hahaha, thanks George.
Can you, or anyone else on here recommend a reasonably priced QS in the Perth area (southern suburbs) who specialises in depreciation?
Cheers