Recent content by mwiriadi

Yes you can claim it as a tax deduction as it was derived for generating taxable income (assumption). In regards to the WDV of the assets yes I did forget that but it was more a generic response to get the point across. I don't work in tax but I'm an accountant so there are numerous other...

Ignoring the renovation costs for a second you would pay as follows: $400K Less depreciation of $50K so cost is now $350K If owned for more than 1 year you will pay tax on 50% of your CGT impact. Assuming you sell for $450K Your CGT would be $100K * 50% would be $50K. If you add...

I'm currently looking at office space in an industrial area. The price is good psqm and the return is awesome what I would like to know is apart from RPdata are there any other websites that offer valuations. The agent that is selling it is useless and is offering no help whatsoever...