From: Dave M
OK, I know the answer to my question has probably already been answered numerous times within this forum, but can someone please tell me quickly ....
What are the consequences of buying a second hand (say 3 or 4 yr old) IP rather then a brand new one as far as the depreciation deductions are concerned?
ie) Will buying a new property give me a distinct neg gearing advantage over buying a 3 or 4 yr old property, or is it negligible?
Please forgive my ignorance on the matter!
Thanks
Dave
OK, I know the answer to my question has probably already been answered numerous times within this forum, but can someone please tell me quickly ....
What are the consequences of buying a second hand (say 3 or 4 yr old) IP rather then a brand new one as far as the depreciation deductions are concerned?
ie) Will buying a new property give me a distinct neg gearing advantage over buying a 3 or 4 yr old property, or is it negligible?
Please forgive my ignorance on the matter!
Thanks
Dave
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