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Good advice, Paul. Yesterday I quoted for a scrapping job where, even at a glance, we saw that there would be at least another $5000-$6000 in deductions there. It definitely makes life easier if we look at the place prior to renovations taking place. Scrapping is still possible if we don't but...

Yes, we would realise the quality of an item and would value it as such. A twenty-year-old oven would get a lower value than a two-year-old oven (though possibly still a surprisingly high value). However, a lower purchase price would not lead us to reduce the value of an item. That's the...

When a property changes hands we are able to revalue the fixtures and fittings because they restart their lifespans starting from the new settlement date. There's nothing to stop your friend using the old one but they are shooting themselves in the foot and potentially missing out on thousands...