Recent content by Becsworld

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    Receipt/Invoice for Secondhand Goods

    Hello, If I buy a secondhand item off ebay or Gumtree from a seller who doesn't have an ABN what kind of information does the ATO need to accept it as a valid purchase? (for depreciation) Do I need to have the seller complete the ATO form about this being a hobby and not a business so as to...
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    Capital Works Deduction or Low Cost Pool?

    Thanks so much for your clear answer Scott. I drew the same conclusion as you had however my partner had another conclusion drawn. Bec
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    $200 Rainwater tank rebate (SA)

    Hi BMan, that rebate is no longer available. I cant find the date it finished though. http://www.sawater.com.au/sawater/yourhome/savewaterinyourhome/rebates_overview.htm
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    Capital Works Deduction or Low Cost Pool?

    Hello, I have a few questions about an investment property. 1. Can capital works items (eg Built-in robe, rainwater tank) be included in the low-cost pool if the cost is under $1000 or is that only for non-capital works assets? 2. If a rainwater is rusty and leaking would a replacement...
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