Recent content by depreciator

I came to Somersoft via Jan's books. I read a couple of them and somebody told me there was a forum. I didn't even really know what a forum was. They explained it and I said, 'You mean a bunch of property investors talking to eachother on-line? Pffftttt. How lame.' Eleven years down the track...

Yep, if the replacement carpet is less than $300 you claim it in full.

Gas is not an option in many developments.

Very good, Hobo. You need to join up at the other place so you can tell us all when you finally buy something.

I can imagine the conversation, 'Hey, we forgot to leave a spot for the hot water.' 'I know. Let's put it in the wardrobe. Maybe they won't notice.'

Yeah, it's dopey. Lazy builder/developer. They will be hoping you don't make a fuss. Still, it will help keep the bedroom warm in the winter. You be able to use the wardrobe as a drying room.

The boats have not stopped. They have changed direction and people are still dying. We don't hear about it because they are not washing up on the rocks at Christmas Island. So the problem is out of sight and out of mind. When it comes to the world's refugees, to use some current political...

The boats have not stopped. They have just changed their direction. People are dying in more palatable locations. I know a bloke who has done two stints as a psychologist on Manus Island. He can't do it anymore. He's too embarrassed and distressed by what is happening. When 6 year old kids...

You have been repairing damage/deterioration that occurred while you were renting out the property? I reckon that would be fine. You can't claim your own labour though.

You might have misunderstood. We do overseas properties every week. There are three UK properties, a couple of NZ ones and a KL one going through the system right now. We can do them in any places where we have people in our network who know the historical cost of construction. Scott

Yep. That's exactly what they would be doing. A lot of the multi tenant flats would have been closed down, though - they are also getting tough with security fobs and checking them about every quarter. The garbage room is interesting. For a while there it was regularly full of bed frames...

You've get a triple bunk in a room with 2.4m ceilings. Our office in the city is in a building that has 4 floors of commercial topped with 22 floors of residential. And we are on the northern edge of Chinatown - near the TownHall. The building managers have had a blitz on overcrowded...

C'mon, own up, which one of you lot is responsible for this one? http://www.smh.com.au/nsw/illegal-accommodation-city-of-sydney-cracks-down-on-black-market-syndicates-20150616-gho8ie

If the damage occurred while you were renting the place out (and you have a paper/electronic trail to prove this, you will be able to claim the cost of repairing it as a deduction even if the property is no longer an IP. I'm not sure whether the fact that it happens in a different financial...

There won't be much to claim on the building (if eligible) but as I said there could be good depreciation on the Assets because of the under $300 write-off and the Low Value Pool. If it's a new property, there could be $2,000 or so for those few days.