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Angela, you would just get the new Depreciation Schedule to kick off on the same date as the existing one. No problem there. I reckon you should just go back to the people who did the first one, though, and get them to include the things they missed. That way it's not going to cost you any...

You would have some photos. Send them to me tomorrow and I'll work out roughly what depreciation there might be. Scott

Depends on: 1. the extent of the reno. 2. When the reno was done. 3. How long you have owned the place for. 4. How long you will be renting it out for.

That was the case, but has not been for a few years. And it only applied to depreciation claimed on building, not assets (fixtures and fittings)

Yep, most companies have a guarantee these days. We rolled ours out first, but that doesn't mean much. I think we've only had to honour the guarantee a couple of times - and that's because the client told us a fib about the build date and there wasn't much depreciation in the Assets in the...