I have a 125 year old weatherboard home in unlivable condition that cost $1m+. I bought it for land value and plan to demolish. It has nice floor boards, a relatively new gas heater and a newish hot water service. Also has a run down bungalow out the back.
Is there any value in a depreciation schedule or "scrapping schedule"? If so, is it worth the cost? Who is a good provider?
Is there any value in a depreciation schedule or "scrapping schedule"? If so, is it worth the cost? Who is a good provider?
