Hello
I bought a 1 bedroom unit in Ballarat Vic, and it must be 50 years old. It is currently tenanted and will remain so.
A depreciation report costs around $500?
What exactly will the QS put on the depreciation report? As far as I can tell nothing would qualify for depreciation, except the hot water system?
I don't see the point in spending $500 - $600 so I can get a tax refund of $304 (0.38x$800).
Any advice? Thanks.
I bought a 1 bedroom unit in Ballarat Vic, and it must be 50 years old. It is currently tenanted and will remain so.
A depreciation report costs around $500?
What exactly will the QS put on the depreciation report? As far as I can tell nothing would qualify for depreciation, except the hot water system?
I don't see the point in spending $500 - $600 so I can get a tax refund of $304 (0.38x$800).
Any advice? Thanks.