Hi guys,
I recently cleared a rear block (with a lot of stuff on it) before subdividing, and was wondering if I have left it too late to claim depreciation/scrapping on the demolished/removed items. I (foolishly) didn't get quantity surveyor schedule done before demolition, much of the stuff was quite old, but all things considered I would think the total value might add up to quite a bit.
So my questions are:
1) Can I claim scrapping on outdoor assets where a quantity surveyor hasn't done an audit prior to their removal?
2) If so, what proof do I need of each asset's existence? Will photos suffice. I demolished/removed most of it myself so don't reall have evidence of the demolition aside from a few ordered skip bins. Also how would I prove age (frankly I have no idea for most of it)?
3) if claimable, would I now need a QS Schedule, or could I/my account produce this ourself.
4) Is any of this likely to even be worth it?
To assist with answering the above, a rough list of what has been scrapped (with rough age in brackets) is as follows:
- Garage, brick + tile, single car (40yr)
- Plastic water tank. 8 cubic metres (3-5yr, as new)
- Pergola, metal. 3 x 4.5m (5-10yr, good condition)
- Pergola/awning, metal. 2 x 3m (10+ yr)
- Shed. 2.5 x 4m (5-10yr)
- Shed/chicken coop 1.5 x 2.5m (10+ yr)
- Fencing, asbestos. 75m. (40yr)
- Bore, inc pump etc. (40yr. Pump/parts likely newer)
- Extensive surface irrigation
- Extensive planting
- Brick paving. 20sqm. (age unknown)
- 2 x large concrete fish ponds with shade structures and pumps/filters. 2x4m and 2x2m. Pond and structures likely homemade. (age unknown)
I'm hoping I didn't miss the boat on this one (or that the above isn't completely worthless anyway)! Any advice would be greatly appreciated.
Thanks!
I recently cleared a rear block (with a lot of stuff on it) before subdividing, and was wondering if I have left it too late to claim depreciation/scrapping on the demolished/removed items. I (foolishly) didn't get quantity surveyor schedule done before demolition, much of the stuff was quite old, but all things considered I would think the total value might add up to quite a bit.
So my questions are:
1) Can I claim scrapping on outdoor assets where a quantity surveyor hasn't done an audit prior to their removal?
2) If so, what proof do I need of each asset's existence? Will photos suffice. I demolished/removed most of it myself so don't reall have evidence of the demolition aside from a few ordered skip bins. Also how would I prove age (frankly I have no idea for most of it)?
3) if claimable, would I now need a QS Schedule, or could I/my account produce this ourself.
4) Is any of this likely to even be worth it?
To assist with answering the above, a rough list of what has been scrapped (with rough age in brackets) is as follows:
- Garage, brick + tile, single car (40yr)
- Plastic water tank. 8 cubic metres (3-5yr, as new)
- Pergola, metal. 3 x 4.5m (5-10yr, good condition)
- Pergola/awning, metal. 2 x 3m (10+ yr)
- Shed. 2.5 x 4m (5-10yr)
- Shed/chicken coop 1.5 x 2.5m (10+ yr)
- Fencing, asbestos. 75m. (40yr)
- Bore, inc pump etc. (40yr. Pump/parts likely newer)
- Extensive surface irrigation
- Extensive planting
- Brick paving. 20sqm. (age unknown)
- 2 x large concrete fish ponds with shade structures and pumps/filters. 2x4m and 2x2m. Pond and structures likely homemade. (age unknown)
I'm hoping I didn't miss the boat on this one (or that the above isn't completely worthless anyway)! Any advice would be greatly appreciated.
Thanks!