I am a non-resident for tax purposes(don't pay tax on salary in Australia), so I cannot claim any losses against my salary, is there any point in getting a depreciation schedule done?.
If I decide to sell one of my IPs in a few years time, would the write off from the depreciation schedules make any difference with the amount of CGT I need to pay.
Basically what I am trying to find out is what are the advantages of getting a depreciation schedule done if I cannot use it to reduce my tax.
If I decide to sell one of my IPs in a few years time, would the write off from the depreciation schedules make any difference with the amount of CGT I need to pay.
Basically what I am trying to find out is what are the advantages of getting a depreciation schedule done if I cannot use it to reduce my tax.