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  1. J

    Building Depreciation Question

    Reply: 3.1.1.1.1 From: John P What Michael just said had never occurred to me but it makes very good sense. You are more likely to get higher amounts on these items from your QS so perhaps in most instances it would NOT be a good idea to ask the vendor. PS If you're based in Sydney I can...
  2. J

    Building Depreciation Question

    Reply: 2.1.1.1 From: John P I had a great time Les. Maybe next time I will have better luck with the dice!!!!!
  3. J

    Building Depreciation Question

    Reply: 2.1 From: John P PS A Big Congrats on your first IP.Make sure you take photos of ALL parts of the unit inside and out as your quantity surveyor may need to see them and it also worth having for possible insurance purposes. It wanted to remind you about this BEFORE you put tenants in...
  4. J

    Building Depreciation Question

    Reply: 2 From: John P Ofcourse you can!!!!!!!!! Your depreciation should start from the point at which you bought it. In other words, imagine that the previous owner HAD used it for IP purposes, and you bought it when it was 6 years old. You simply depreciate it from then on (ie) what the...
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