Search results

Dale, A little gem from the ATO for you. I disagree with many statements in their Rental Properties booklet for 2003-04 but have taken their word on page 18: "Where you purchase a rental property, the most objective means of establishing your cost of depreciating assets acquired...

You don't need a QS report for plant and equipment you can make a reasonable estimate yourself of their second hand value when you purchased. Plant and Equipment covers hot water systems, stoves, carpet, curtains, fans, some light fittings etc. Julia Hartman [email protected]...

Cam, You cannot use a QS report if you have the orginal bulding costs. Sometimes body corps have the original building costs. A QS report is rarely worth it if the property is pre 85 unless structual improvements. The seller is required under law to provide you with their special building...