tax time...timely advice

[rossv]

hi,


http://www.prosolution.com.au/ps_docs/prosolution_doc063003_150535.pdf



rossv

 

[Nimee]

Hi rossv

Nice article; how ever I have a question about the deprciation part.

It says that some improvement are not found to be depreciable. I thought that any improvment is creating an asset and therefore depreciable over whatever the designated life time?

can somebody clarify this?

 

[Les]

Whew, Ross,

I didn't like the sound of that bit that said "Paying down capital is apportioned pro-rata between deductible and non-deductible properties" or words similar to that.......

Is this subsequently correct?? Remind me never to pay down a cent on my PPOR !!!!!

Dale, do you have any comments on this one???


Regards,