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Reply: 1.1 From: Bill Lambert Thanks dale, so according to the letter of the law, the 2.5% capital depreciation on the renovated kitchen in 94 can only be used if it was NOT written off as a repair. Because ignorance is no excuse then not knowing and claiming can lead to tax trouble. Also QS...

From: Bill Lambert Forgive me if this has been answered before but I've been through the archive and haven't found what I was looking for. We have just finalised purchase of our first IP, a 60year old that has had several renovations. New kitchen in 94, repainted in the last year, new carport...