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FYI I was intending on claiming the removal of the asbestos fence as a capital expense for the house I am building on the rear block, as this removal was undertaken as part of the construction contract.

Hi Scott thanks for the quick response. So to answer 1 & 3 a QS Schedule would be requitred to claim the scrapping (whether done before or, less likely, after the demolition)? I only ask as I am aware an accountant can do their own simplified depreciation schedule for calculating normal...

Hi guys, I recently cleared a rear block (with a lot of stuff on it) before subdividing, and was wondering if I have left it too late to claim depreciation/scrapping on the demolished/removed items. I (foolishly) didn't get quantity surveyor schedule done before demolition, much of the stuff...