From: F P
I was wondering if some one could answer this for me. Can you claim depreciation on a new townhouse that is being constructed, even though it is not being rented yet.
e.g. construction time is between Dec and August the next year. At the end of financial year you have made progress payments however the building isn't completed yet. Can you claim depreciation in that year, or in the year that it is completed.
Thanks
I was wondering if some one could answer this for me. Can you claim depreciation on a new townhouse that is being constructed, even though it is not being rented yet.
e.g. construction time is between Dec and August the next year. At the end of financial year you have made progress payments however the building isn't completed yet. Can you claim depreciation in that year, or in the year that it is completed.
Thanks
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