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  1. B

    ?Available for Rent? Tax Ded Question

    It really doesn't sound much like you've got much that's scrappable. Tiles are capital works and won't count (doubly so, given that you're not removing them). Seems like you'd only be looking at a couple of minor items at most. Alas, I cannot help you there but I'm sure there are a lot of...
  2. B

    ?Available for Rent? Tax Ded Question

    Okay, that's helpful. In an old bathroom there are only a few small-ish items that would be scrappable, assuming the existing capital works there date back a few decades. In that case, the focus now shifts to the flooring: what sort of flooring is/was there and what are you replacing it with...
  3. B

    ?Available for Rent? Tax Ded Question

    No. To scrap the bathroom we need to see it before you demolish it. Otherwise, how would we value it? It also bears mentioning that, depending on the age, there might not be much to scrap in the bathroom (they are primarily capital works assets). How old is the house/bathroom? Anything else...
  4. B

    ?Available for Rent? Tax Ded Question

    Of course. I forgot about the fact that there was no pre-renovation income period.
  5. B

    ?Available for Rent? Tax Ded Question

    You'll be able to claim depreciation for sure. I'm more concerned about whether you've already got a depreciation schedule for the place (or are planning on getting one before the renovation). You won't be able to scrap assets if a QS doesn't value them before you get rid of them.
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