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From: Derek Hodgkins
I am in the process of purchasing my first investment property. I will be the 2nd owner of the property, which is a unit in a block built in 1996.
If the first owner of the property has not been depreciating the building cost of the unit since 1996, can I start to depreciate the cost when I have completed the purchase?
Thanks,
I am in the process of purchasing my first investment property. I will be the 2nd owner of the property, which is a unit in a block built in 1996.
If the first owner of the property has not been depreciating the building cost of the unit since 1996, can I start to depreciate the cost when I have completed the purchase?
Thanks,
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