1.Old Properties can also
benefit depreciation. It is worth enquiring with your Accountant what can be
depreciated if your property is older.
2.The ATO has stated that
any property eligible for capital works deductions will enable investors to
claim up to 40 years of property depreciation (from date of completion)
3.Renovations by previous
owners can also be included in the calculations (see a Quantity Surveyor) i.e.
Plumbing, Waterproofing, Electrical wiring etc.
4.What can be included in
the Depreciation Schedule? Plant &
Equipment i.e. things that can be removed from the property and Capital Works i.e.
items permanently fixed to the structure of the building.
5.Use a qualified Quantity
Surveyor to estimate construction costs and advise on depreciating schedules.
For
more information on advertising your Investment Property and Self Management,
please visit www.realrenta.comJason Gwerder
Friday, 4 December 2015
