Which is the best method of depreciating when holding the property for the long term. This is our first investment property and we do plan on holding it for at least 15+ years all going good, as hopefully it will be the first of many, which we will then start selling one at a time to fund retirement and travel after stopping work?
Also are we right in thinking that all amounts claimed in depreciation then gets taken off the base cost before working out the 50% capital gains after selling?
Thanks for any help
JPS25
JPS
Also are we right in thinking that all amounts claimed in depreciation then gets taken off the base cost before working out the 50% capital gains after selling?
Thanks for any help
JPS25
JPS