From: Dale Gatherum-Goss
Hi
Just a quick thought that might add some money to your pocket at some time or another.
If you own an IP and have the kitchen replaced the balance of the old kitchen's depreciation is written off.
Sounds obvious I know, but, if the kitchen was 5 years old and a garish colour there may be an automatic tax deduction of many thousands of dollars about to go begging unless you are aware of the rules.
I hope this helps.
Dale
Hi
Just a quick thought that might add some money to your pocket at some time or another.
If you own an IP and have the kitchen replaced the balance of the old kitchen's depreciation is written off.
Sounds obvious I know, but, if the kitchen was 5 years old and a garish colour there may be an automatic tax deduction of many thousands of dollars about to go begging unless you are aware of the rules.
I hope this helps.
Dale
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