Hi All,
I am wondering how much depreciation one can claim for an IP.
I know it is very difficult to tell without getting a proper report from a quantity surveyor but I am just after a rough idea so I can work out roughly what the purchase of an IP will cost me each week.
I don't want to buy and IP, get the report and be surprised that the depreciation is less than I thought.
If we take the below properties as examples can anyone give me a rough guide as to how much depreciation one may be able to claim :-
1.
Old house with recent renovation
http://www.realestate.com.au/property-house-qld-holland+park-117384135
2.
Newer house without renovation (assume older than 1985)
http://www.realestate.com.au/property-house-qld-holland+park-116739399
I know its a difficult question to answer but I am just after a rough guide at this stage.
Anyone got a similar IP to these? What do you claim each year?
Thanks,
I am wondering how much depreciation one can claim for an IP.
I know it is very difficult to tell without getting a proper report from a quantity surveyor but I am just after a rough idea so I can work out roughly what the purchase of an IP will cost me each week.
I don't want to buy and IP, get the report and be surprised that the depreciation is less than I thought.
If we take the below properties as examples can anyone give me a rough guide as to how much depreciation one may be able to claim :-
1.
Old house with recent renovation
http://www.realestate.com.au/property-house-qld-holland+park-117384135
2.
Newer house without renovation (assume older than 1985)
http://www.realestate.com.au/property-house-qld-holland+park-116739399
I know its a difficult question to answer but I am just after a rough guide at this stage.
Anyone got a similar IP to these? What do you claim each year?
Thanks,