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I prefer not to comment on Julia's leaflet. Its undated which is always a concern with any tax article. It is Version 1 or Version 20. 2015 year or 2005 ? My concern started with the first line - It makes an assumption your home is CGT exempt....Thats dangerous. My studies of tax law taught me...

The 7K may be 100% deductible as an extra deduction. A refund at your marginal tax rate would occur. ie 38% x $7k = $2660. Of course thats not just a single year. It continues.

I dont care who they use and tell them that. I make nothing from it. The difference between a cheap report can be in little things like it showing no detail after 8 years !! Or no tax practitioner board registration !! I would recommend sticking to the big names....BMT, Depreciator etc...

One of the difficulties I regularly encounter with prop investors is persuading them of the merits of a QS report. Thought I would share a example of a somersoftie who raised that same point with me. It indicates the value of a good depreciation report and combining that with good tax advice...