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Capital or expense??
Reply: 1.1.1 From: Lucinda Hudson Hi The ATO have rung me back - yes it is capital but state can be depreciated over 40 or 25 yrs. At least that will give me $50 per year to depreciate! Lucinda- Luc
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- Forum: WebBoard Property Investor Forum Archive
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Capital or expense??
From: Lucinda Hudson Hi I have an older IP which I now have to have connected to deep sewerage from septic, which is going to cost about $2000. Does anyone know how this is treated in the accounts? I have rung the ATO but they really do not seem to know. Any ideas? Lucinda- Luc
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- Replies: 3
- Forum: WebBoard Property Investor Forum Archive