I built a new house and rented it out 9 months ago.
The contract price to build was $150k. I know i can write if off as a capital works deduction at 2.5%.About 3 months ago I arranged for a pergola to be installed as the tenants wanted one.
From my understanding the pergola belongs in the capital works category just like the house.
Does that mean the pergola can be depreciated at 2.5%?
Or do I not depreciate the pergola and add it to the cost base when I sell the property.I am a little confused as I just had a depreciation report done from a QS and it shows the Div 40 items like carpet, stoves, garage door motors and free standing items. But for the Div 43 category only the build of the house was included.
There was no depreciation entry for the pergola under Div 43.Why not give the same QS a call and ask? He/she would be best qualified to advise (or your accountant).
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
If I didn’t do a depn report for the financial year just gone, will i still be able to get one for last year and claim the depreciation?
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