Hi
I bought this display home in 1998. It remained a display home for 2 years. When the display village closed in 2000, I moved into the house and it became my PPOR.
From 1998 to 2000, it was an IP for me and I had a depreciation schedule provided by the builder, which I used for tax.
From 2000 to Oct 2013, it was my PPOR.
I moved out on Oct 2013 and since then it has been on rent.
For 2014 tax (which I am currently working on), do I have to do another depreciation schedule ? The major works on the property between 2000 and 2013 has been : pergola added, roller shutters, replacing carperts with floating timber, new paints.
thanks alot.
I bought this display home in 1998. It remained a display home for 2 years. When the display village closed in 2000, I moved into the house and it became my PPOR.
From 1998 to 2000, it was an IP for me and I had a depreciation schedule provided by the builder, which I used for tax.
From 2000 to Oct 2013, it was my PPOR.
I moved out on Oct 2013 and since then it has been on rent.
For 2014 tax (which I am currently working on), do I have to do another depreciation schedule ? The major works on the property between 2000 and 2013 has been : pergola added, roller shutters, replacing carperts with floating timber, new paints.
thanks alot.