Hi,
Thanks for all the advice. I know it is while ago now but thought I would post back to benefit those in a similar situation. We had the depreciation schedule done last week and it has been well worthwhile with $7000+ of deductions for the 1st year (plus some for July and most of August...
We will be renting out our current house and need to get one done for here so we could probably show some photos and get an idea at that time about whether it is likely to be worth getting done.
thanks
Thanks Neil
True enough, but I'm not sure I'd want to hassle the tenants with an access request for $1 and I don't want to delay my tax refund by waiting until we move in.
Hmmm ... decisions
Hi there,
We bought a house as an IP just over a year ago but will be moving in at end of lease. I was wondering whether it would be worth getting a depreciation report done given it will be rented for such a short period of time. Details are as follows:
4 bedroom place built early 1985...
Hi
We purchased a property in the ACT last year, initially as an investment but with the intention of moving in later on as our house is getting too small for 2 kids -not to mention when we have pesky long stay guests ;). I understand that in ACT stamp duty is deductible in the year it is...
Hi
Great forum.
I'm considering buying an IP in the ACT which we may later use as our PPOR. I have read that in the ACT, stamp duty for an IP is tax deductible in the year it is incurred as they are on a crown lease. Would there be a minimum requirement for how long you had to keep the...