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Reply: 1.1.2.1.1.1 From: Dale Gatherum-Goss Hiya Felicity! There is no correct answer to this question as yet because the tax office have not yet decided on how to treat wraps and until recently, they had not even considered the issues of depreciation . . . My thoughts are that yes, it is...

Reply: 1.1.2.1 From: Dale Gatherum-Goss Hi Luke Sure . . . In particular where: the house has been renovated sometime within the last few years or, where the house has been extended or improved within the last 17 years or, where the previous owner has spent money on new carpets, stoves...

Reply: 1.1 From: Dale Gatherum-Goss Hi The tax laws allow depreciation to be claimed on both the chattels and the building itself. However, the rules say that only certain qualified people are allowed to estimate the values that you can use to claim depreciation. So, if you do not obtain a...