Just got my first depreciation schedule done up my on PPOR which we are turning into a IP next month.
Just wanting to know if the total amount for each year is paid to us in full or do you only get to claim a % of it depending on my tax rate?
Also do i have to wait till the end of the yr to claim ( for the depreciation ) or can i get the ATO to adjust so that i get the money every f/n????
Thanks guys
Just wanting to know if the total amount for each year is paid to us in full or do you only get to claim a % of it depending on my tax rate?
Also do i have to wait till the end of the yr to claim ( for the depreciation ) or can i get the ATO to adjust so that i get the money every f/n????
Thanks guys