Depreciation

[argentina]

I purchased an investment property in 2005. Older property (over 40 years old). I did not get a surveyor for the purposes of doing a depreciation schedule.
The house had a new kitchen at the time of purchase. I would estimate the kitchen had been put in around year 2000. I have never had a value put on this kitchen.
Is it too late to do it now for the purpose of depreciation?
Is my only option to get a valuer in?

 

[Propertunity]

Is it too late to do it now for the purpose of depreciation?

It is not too late.

Is my only option to get a valuer in?

You don't want a valuer. You need a Quantity Surveyor. As an alternative, you could get a receipt/s off the original owner (if possible) and just let your accountant handle it.

 

[Jamie M]

Hi Argentina

I have a property that's very similar to the one you've mentioned. The depreciation schedule I had prepared more than paid for itself in the first year.

Cheers

Jamie

 

[depreciator]

Email me any photos you might have on Monday and I'll tell you what depreciation there might be and whether it's worth doing anything. At this time of year we would get a dozen similar enquiries every day.
Scott