Hi Guys,
A quick one here hopefully.
I have heard that you should get a depreciation schedule done before you start a reno. Does this make sense?
I am just about to do a reno on a 1990 property, and was thinking of doing the schedule after the reno. I don't know now.
As I will be scrapping kitchens, toilets, baths, etc, how do I do a scrapping schedule. I have heard that I can write off the stuff I am ripping out.
What are the best steps to take?
What do I have to do to claim everything......legitimately.
Thanks in advance.
F
A quick one here hopefully.
I have heard that you should get a depreciation schedule done before you start a reno. Does this make sense?
I am just about to do a reno on a 1990 property, and was thinking of doing the schedule after the reno. I don't know now.
As I will be scrapping kitchens, toilets, baths, etc, how do I do a scrapping schedule. I have heard that I can write off the stuff I am ripping out.
What are the best steps to take?
What do I have to do to claim everything......legitimately.
Thanks in advance.
F