Is Tax Depreciation Schedule necessary?

Viewing 6 posts - 1 through 6 (of 6 total)

boshie
Participant
@boshie
Join Date: 2006
Post Count: 52
January 3, 2013 - 12:04 am
Hi All,
We are renting out our house which was built in late 1970's.
We purchased it 4 years ago and gave it a full interior renovation.
I was wondering if it's worth getting a Depreciation Schedule done, considering the age of the home?
Thanking you in advance
Boshie
N@than
Participant
@n-than
Join Date: 2010
Post Count: 241
January 3, 2013 - 12:10 am
I would say yes! Especially considering the full interior renovation.
N@than
Participant
@n-than
Join Date: 2010
Post Count: 241
January 3, 2013 - 12:10 am
I would say yes! Especially considering the full interior renovation.
Jamie Moore
Participant
@jamie-m
Join Date: 2010
Post Count: 5,069
January 3, 2013 - 5:49 am
Absolutely. You can still get some depreciation on older dwellings – and like Nathan said, you've got relatively new renos to claim on as well.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
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RPI
Participant
@rpi
Join Date: 2012
Post Count: 308
January 4, 2013 - 5:25 am
I would always say yes.
regards
Darryl
RPI | Certus Legal Group / PRO Town Planners
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TheFinanceShop
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@thefinanceshop
Join Date: 2012
Post Count: 1,271
January 4, 2013 - 10:06 am
Yes! It's actually quite surprising how many people think that claiming depreciation is only applicable on OTP properties.
TheFinanceShop | Elite Property Finance
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