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Rixter, Yes. I would have liked them longer. approaching them ...well its been 10 years... mJK

Speary, Well that's what I'm getting at but so far I'm being told I cant do that. I had hoped I could? I was just going to use the written down value and continue to depreciate at low figure of10% but I'm still trying to figure out if that is allowed. MJK

40 years is good I have to say.... I'm impressed. Regarding my old schedules I think I see what my new accountant says. First year with new accountant this year. I don't really find the idea of getting new schedule made up that palatable. There's got to be a better way? MJK

Rixter, Which one. I have several. If you want a specific case this will do...1999. I'm not really asking about a specific IP rather a general tax depreciation question. The year any of my IPs are built is only applicable to the capital works depreciation not the plant. Am I right? MJK

Hey Chris, Are you gonna tell me the last schedule you did for a client went past 20 years mate? Some of us actually hang on to property and don't sell it every five minutes.:) Maybe you've never owned an IP that long?:eek: MJK

40 years if for division 43 capital I believe. MJK

Thanks for your reply. What do I do if my depreciation schedule only runs for 10 years. There are no figures for the 11 year or subsequent years.? My accountant in the past has suggested using 10% as a conservative figure which wont get anyone into trouble. Maybe a bit old school...

Hi Everyone, I was wondering what to do with the balance of Division 40 plant after 10 years of depreciation? Can I continue to diminish the balance at say 10% indefinitely or do I claim the full value left at year 10? MJK

Nathan, Thanks for that tip. Its an excellent site. Thank you. MJK

Hi Guys, Point Cook Real Estate director Kay Righetti said people should not jump to conclusions about reports on rising sea levels. "Point Cook land levels are well above the 'one in a 100 year flood level' and we do not anticipate any long-term issues," she said. "All modern houses meet...

Riff Raff = Trouble and who needs it! If it was me I say definately they have to go. If you want to do it subtley just dont renew the lease on expiry. Tell them owner wants to work on the house. You do have a lease dont you?:o

For me it was a 911 Porche.:D

Only thing here is to make sure those higher yeilding assets dont tank! This is how the GFC has robbed many of the equity they once had. Could have been better of spending the money on toys and lifestyle than giving it to the market! MJK

Thanks everyone for local news. I checked my policies and some cover flood and others only storm. Thankfully I will have no need for any claims as my properties out middle to outer suburbs. I hope the flooding is not as severe as expected in town. Thankfully there has been plenty of warning...

Thats great news Pa1nter. Good stuff.:) MJK

This is unbelievable! Just keeps getting worse. Hows things looking in Bray park Strathpine and Lawnton? Any body know? MJK

Really! Thats getting close to Brisbane. what sort of flooding are you experiencing? MJK

So taking this one step further you are saying that Brisbane is unaffordable and Melbourne is, relative to their demographic? MJK