We bought an IP recently that is more than 40 yrs old. Our accountant advised there was no point to get a QS to do a depreciation schedule because the time for depreciation ie 40 yrs since construction, has already passed. She advised that we would get no savings/benefit/ depreciation so may as we'll save our $665 for the report.
Is this true? would there be any point to getting a QS?
We used BMT for our other property but it's less than 20 yrs so am unsure on this one.
Ta
Is this true? would there be any point to getting a QS?
We used BMT for our other property but it's less than 20 yrs so am unsure on this one.
Ta