Okay so the first video no longer exists.Try again now.
If fullylucky spent all his cumulative hours of this thread, the other couple of threads on the subject, and the many hours creating and fiddling with his own (inaccurate) schedule, he could have instead earn more income to well cover the costs of a professional (accurate) schedule.Okay so the first video no longer exists.
The second talks about what % different things are claimed at. There's nothing new there.
So when ATO asks you to substantiate your numbers, what happens then?
And surely you've spent more than 2 hours on this thread so far, so could have paid a QS by now.
a property worth 700k could have 400k worth of improvements or could be a dump with nothing to depreciateI've used this site before: www.depreciation.com
where you can do a report online and they will tell you approx how much you will get back.
Perhaps you can just use their questions to work out what to put in your report.
"Hi just wondering is anyone willing to send me an example of their depreciation schedule or just the numbers and years table.
Need one for a property worth around high 700k range."
ok very successful investor... tell me how can a dump be worth $700k?Hahaha this is too good. That post wasn't even directed at you, I brought up a very valid point. It is the building that depreciates not the land so looking simply at the overall value of the property is not the way to do it. A $700k brand new apartment and a $700k dump will have extremely different depreciation schedules
Keep insulting me though, I have no need to get into any d##k measuring contests with you.
I have bought dumps worth 700k where it was rentable but effectively land value as I was going to build apartments on it.ok very successful investor... tell me how can a dump be worth $700k?
You are just using the extremes. instead of typicals.
That's what they want you to feel. Oh you are really unique. Just like everyone else in the world
Are you serious? Considering Sydney's median price reached over $800,000 a few months back, I'd say there are plenty of "dumps" in the $700k range.ok very successful investor... tell me how can a dump be worth $700k?
How about a burnt out house on a $700k piece of land? Are you able to determine the scrapping value of that house?ok very successful investor... tell me how can a dump be worth $700k?