Don't forget guys that what the government gives with the left hand it
takes away with the right....
If you claim depreciation and then subsequently sell your property
the depreciation amounts are deducted from the cost base when
calculating CGT.
You still come out in front, on the top tax rate you end up with about
half the depreciation amounts, assuming that you hold the property
for at least 12 months before selling.
Of course, depreciation is the gift that keeps on giving for buy and
holders.
andy
takes away with the right....
If you claim depreciation and then subsequently sell your property
the depreciation amounts are deducted from the cost base when
calculating CGT.
You still come out in front, on the top tax rate you end up with about
half the depreciation amounts, assuming that you hold the property
for at least 12 months before selling.
Of course, depreciation is the gift that keeps on giving for buy and
holders.
andy
