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You just worked that out now and you already own a property ?? Thanks, aware of all of these tax deductions just not the simple fact of whether the rent is actually taxed as income. We haven't settled yet and all of this will be sorted with my accountant beforehand. Just didn't want to push...

Thanks for good advice. We don't settle till August 1st - so next financial year. We are renovating first so are getting a scrapping report done and then a new depreciation schedule once renovated. Won't rush on the photos for Depreciators - I can do it on the day I get the keys before we start...

Hi, Reading another thread here got me thinking about my situation. I have paid Depreciators to prepare a scrapping report and depreciation schedule with their new service which saves a lot as it requires me to take photos and notes and email them in instead of them physically visiting...