depreciation schedule ?

hi there,

i am in the process of buying a unit built in 1988 worth about $250000. Is it worth paying for a depreciation schedule ?
what is the rough cost of getting one ?

thanks
 
Since it was built in 1988 there is still some value left in the building allowance, that alone should be worth it. Add to that the depreciating assets / low value pool / common areas and it's fairly likely you'll gain overall.

hi there,

i am in the process of buying a unit built in 1988 worth about $250000. Is it worth paying for a depreciation schedule ?
what is the rough cost of getting one ?

thanks
 
Hi,

It's worth while having a chat to a couple of Quantity Surveyors about your property. Quite a few of them have a guarantee that they will return double of the cost of getting a tax deppreciation schedule done in the first year. And if they don't think that they will be able to, they will tell you upfront. I know that both BMT and Depreciator do this and they are both excellent companies.

Wishing you every success, Ana
 
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