Hi folks,
Having a fairly ignorant view of my first IP, I never arranged a depreciation schedule - I figured it was all pretty old (1960s brick house), and the only thing new were the air conditioners which I have been claiming depreciation on, but that's it.
This was probably the wrong decision, as there are clearly many other things I could have claimed.
So my question is whether I have missed the boat some 7 years down the line? Can I claim or recoup the things I've missed, or claim retrospectively? (would hardly seem worth the effort)?
Would it still be worth paying for a schedule?
Im trying to drag it CF+, but not quite there and kicking myself.
Having a fairly ignorant view of my first IP, I never arranged a depreciation schedule - I figured it was all pretty old (1960s brick house), and the only thing new were the air conditioners which I have been claiming depreciation on, but that's it.
This was probably the wrong decision, as there are clearly many other things I could have claimed.
So my question is whether I have missed the boat some 7 years down the line? Can I claim or recoup the things I've missed, or claim retrospectively? (would hardly seem worth the effort)?
Would it still be worth paying for a schedule?
Im trying to drag it CF+, but not quite there and kicking myself.