Depreciation

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From: Anony Mouse


How depreciation worked out on a Investment property?
 
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From: Brian Haynes


It depends on when when the house was constructed.

Between 1985-87 an allowance of 4% per year.
After 1987 2.5% . It is only based on the improvements buildings,
fences, and fixture fittings. Fixtures and fittings are at a different
depreciation allowance.

eg land and house say $100k land might be $40k the balance of $60k
will be the basis of depreciation tax allowance. To get the best cost a
quantify surveyors may be the best way to go.
 
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