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Thanks all for the responses Alexlee, I hadn't quite blasted my toes off yet. But before spending $XX on a report, my post was to ascertain if the various types of renovations paid for by others were depreciable. Also, I understand that reports range significantly in cost and complexity...

I am after some advice on whether it is worth getting a depreciation schedule for my circumstances. The IP is 70s vintage, and therefore construction cannot be depreciated. However, a few years ago the previous owners did some renovations, which I suspect would have cost $40-50k (although I...

Thanks all - the advice is much appreciated. I've not had dealings with QSs before. Is around the $500 mark a fairly standard fee for a fairly standard property? I suppose you only need the singe report, and you can then add your own reno expenses to it. Sounds like money well spent...

I'm buying a mid 1970s IP and understand that I cannot claim building deprecition because of its age. However, the current owner did major renovations a year or so ago. Can the value of these renovations be depreciated. If so, how do I go about assessing the renovation value. Do I...

Thank you for the responses. Some aspects of the advice are a little unclear to me, and it’s possible I did not explain my intentions clearly. Cross-collateralisation. I understand this to mean a single financial arrangement that bundles all properties and loans into 1 tangled mess. This...

Hello Have recently decided to purchase an IO. Have also just discovered this site, and feel like a kid in candy shop with the info on offer. I expect that answers to my questions can be found in many places on this site, but I am still finding my way around, and I have to decide on the...