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IP is about to settle (next week) can I buy white goods and furniture?
the property is built in 1985 exactly... so what does the quantity surveyor report do? how does it benefit me? My PPOR is 10 years older... when you say POST 1985 do you mean 1986 1987? Can you put some example numbers so I can understand better? so I get a report and the report costs me $200...- fullylucky
- Post #5
- Forum: Accounting and Tax
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IP is about to settle (next week) can I buy white goods and furniture?
Oh Ok I see... :) if the item is expected to live 5 years and I spent $5k then I put $1k each year type of thing? that's pretty tricky i think.:cool: I will keep all receipts. :D- fullylucky
- Post #3
- Forum: Accounting and Tax
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IP is about to settle (next week) can I buy white goods and furniture?
My first IP is about to settle (next week) can I buy white goods and furniture and do something tricky where they become tax (income) deductible?? I'm renting the IP out completely. So... can I have things that are tax deductible? how does it all work? So far I have paid Stamp Duty (say $30k)...- fullylucky
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- Replies: 7
- Forum: Accounting and Tax