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If you add anything to the property, you can add it to the Dep Schedule. There are clients who get in touch with us every year and get us to add things like hot water heaters, air cons, carpet, kitchen renos etc etc. I sort of see a Dep Schedule as a 'living document'. Of course, we also send...

Everybody follows the same rules (though some companies make mistakes), so in part it gets down to service. We update Schedules free of charge, store Schedules forever (you would be surprised at how many people lose them), send them to people's accountants and answer their questions etc etc...

Yes, to most people my Airbnb pads would be seen as short term traveller accomodation, but I claim the Cap Works on them at 2.5%.

I always try to stay out of these threads. Putting aside the dopey Schedules that just run for a year or two, nobody will use a Depreciation Schedule that runs for 10 or 20 years without it needing to be updated. That's a long time in the life of a property. Properties need to have...