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From: Anonymous
Hi,
I am confused as to whether a near new townhouse or an older house with a normal block of land is a better choice in terms of capital gain. People say the trend is to live close to the CBD but don't want the hassle of maintaining the lawn, so townhouse would be the choice. But then they say a unit is faceless among a million other faceless units and has no scarcity, so which is a better choice.
Also if a townhouse is 14 years old, how do I go about getting the depreciation schedule as I ask the RE agent and he said there isn't any. Do I simply claim depreciation at 2.5% of the building cost for the remaining 26 years, and if the previous owner had not claimed depreciation (how can I find out ?) should this 40 years extend by the number of years that depreciation was not claimed ?
Many thanks,
Latecomer.
Hi,
I am confused as to whether a near new townhouse or an older house with a normal block of land is a better choice in terms of capital gain. People say the trend is to live close to the CBD but don't want the hassle of maintaining the lawn, so townhouse would be the choice. But then they say a unit is faceless among a million other faceless units and has no scarcity, so which is a better choice.
Also if a townhouse is 14 years old, how do I go about getting the depreciation schedule as I ask the RE agent and he said there isn't any. Do I simply claim depreciation at 2.5% of the building cost for the remaining 26 years, and if the previous owner had not claimed depreciation (how can I find out ?) should this 40 years extend by the number of years that depreciation was not claimed ?
Many thanks,
Latecomer.
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