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  1. geoffw

    Age

    Reply: 2.1.1.1 From: Geoff Whitfield OK, but don't get too hung up on the date. Depreciation is on the original building cost. With no allowance for today's dollars. A building from then may cost- who knows? Let's say $50,000. 2.5% of that is $1,250. So you might get back (if you're in the...
  2. geoffw

    Age

    Reply: 2.1 From: Geoff Whitfield Kristine, The age of a building can be important if you are claiming building depreciation. If sometime in 1986 (I think) or after, you can claim building depreciation. For about 2 years, it was 4%, then 2.5% after that. Geoff
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