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Depreciate or Appreciate? Reply: 1.2.1.1.1 From: Dale Gatherum-Goss Hi Joe This is not the first time that I have heard that argument. However, I must confess my ignorance, as I know of no laws that allow such a claim. (Otherwise, your accountant would not have told you what he/she did...

Reply: 1.1.1.1.1 From: Dale Gatherum-Goss Hi Geoff! Yes, that is possible. I normally allow the QS to do his job and just rely on the information provided to me. That way, the tax office cannot argue with the results. Dale

Reply: 1.2.1 From: Dale Gatherum-Goss Hi John Yes, get the receipts if you can. But, still ask a QS to estimate the cost and then use whichever gives you the best result. Dale

Reply: 1.1.1 From: Dale Gatherum-Goss Hi Geoff! The capital items are "depreciated" at 2.5% of their deemed cost by the QS. Take the tax deduction now and yes, when you sell the house, there are CGT implications from doing so. But, one step at a time. Dale

Reply: 1 From: Dale Gatherum-Goss Hi John! Absolutely! Dale