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  1. Paul@PFI

    Depreciation on Rental Properties

    Ok lets no split hairs. You can but you wouldn't. No reason to, no logic and its a waste of time. Thus you wouldn't. That what I meant regardless. You can also choose not to claim tax deductions, overstate taxable income etc. Or to avoid tax for that matter.
  2. Paul@PFI

    Depreciation on Rental Properties

    I don't dispute a taxpayer can choose which method for each asset. Why would they ? I have never found a PC depreciation rate provide a better tax deduction than DV. The two formulas on page 15 are the reason https://www.ato.gov.au/uploadedFiles/Content/MEI/downloads/ind39784n17290614.pdf While...
  3. Paul@PFI

    Depreciation on Rental Properties

    Sorry didn't realise. Forgive me you must be right. Why ask questions if you are so certain. You have no idea about how a QS prepares a schedule and your post shows it. There is a reason why NOBODY picks and chooses depreciation methods. If you have interest in learning I might suggest a...
  4. Paul@PFI

    Depreciation on Rental Properties

    Free advice : DONT use builder estimates. It will cost you and you have no idea how much. Speak to a QS such as BMT / depreciator and seek their opinion. Choosing when to claim deductions isn't a feature of the basic framework of tax law. Not claiming a cost just adds to the CGT cost base and...
  5. Paul@PFI

    Depreciation on Rental Properties

    I have never seen a QS report that does this since DVM accelerates the rate v's PC. Its mutually exclusive. You would never have a PC asset with a higher deduction v's DVM so why blend assets that way. This thinking demonstrates a total lack of knowledge of the formula and benefits of...
  6. Paul@PFI

    Depreciation on Rental Properties

    You may choose ONE method. Its either DV or PC. Div 43 capital allowances are always calculated using PC in any event. You cant choose on a asset by asset basis. Your depn schedule will show both options. - Basically its two reports. Pick ONE. Once chosen you cant change. I have always found...
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