I have read this and know it to be true. BUT is this really true,
For Australian residential properties built: Rates
Before 17-Jul-85: 0.0%
Between 18-Jul-85 and 16-Sep-87: 4.0%
After 17-Sep-87: 2.5%
So if my property was built in say 1986 I get 4% Depreciation, but if it was built in 1984 would be claiming 0%.
This does not seem logical, but hay, good knowledge to use when your looking for property.
So buy a house made between those dates and your on a winner, or am I missing something?
For Australian residential properties built: Rates
Before 17-Jul-85: 0.0%
Between 18-Jul-85 and 16-Sep-87: 4.0%
After 17-Sep-87: 2.5%
So if my property was built in say 1986 I get 4% Depreciation, but if it was built in 1984 would be claiming 0%.
This does not seem logical, but hay, good knowledge to use when your looking for property.
So buy a house made between those dates and your on a winner, or am I missing something?