So I bought a property as a rental, was rented for almost 1 year, had a depreciation report and claimed at financial year just gone.
I moved in to the premises a few weeks ago and have begun some pretty big improvements, what I'm wanting to know is this.
If I move out in a few years lets say, does my old depreciation report take effect where it left off?
Do all of my new improvements (pool, pool fencing, air-cons, painting, rendering, structural improvements etc etc) get added to a new dep report?
I've quite often heard implications the other way around, such as live in PPOR, THEN rent out and CGT, but not much about this way around.
Thank you.
I moved in to the premises a few weeks ago and have begun some pretty big improvements, what I'm wanting to know is this.
If I move out in a few years lets say, does my old depreciation report take effect where it left off?
Do all of my new improvements (pool, pool fencing, air-cons, painting, rendering, structural improvements etc etc) get added to a new dep report?
I've quite often heard implications the other way around, such as live in PPOR, THEN rent out and CGT, but not much about this way around.
Thank you.
