Hi,
I havent yet organized my depreciation schedules for my two IP's and im getting very nervous becuase im worried if i dont have this i wont be able to claim depreciation on the building.
I am a newbie to the depreciation side of investing as i have acquired both properties within 12 months (one being a PPOR for 8months of the year)
One if the key reasons i havent organized the paperwork is i am missing some information off the depreciation schedule paperwork (Deppro) this being 'land value/unimproved capital value' i spoke with Deppro and they told me it is against Victorian privacy laws for them to access such information themselves and i would need to find them out myself - they told me i will be able to find such information in my 'section 32' or on my first council rates - both didnt have this information.
Can sombody help me? If i dont get this through in time does it mean i cant claim depreciation on the property???
I havent yet organized my depreciation schedules for my two IP's and im getting very nervous becuase im worried if i dont have this i wont be able to claim depreciation on the building.
I am a newbie to the depreciation side of investing as i have acquired both properties within 12 months (one being a PPOR for 8months of the year)
One if the key reasons i havent organized the paperwork is i am missing some information off the depreciation schedule paperwork (Deppro) this being 'land value/unimproved capital value' i spoke with Deppro and they told me it is against Victorian privacy laws for them to access such information themselves and i would need to find them out myself - they told me i will be able to find such information in my 'section 32' or on my first council rates - both didnt have this information.
Can sombody help me? If i dont get this through in time does it mean i cant claim depreciation on the property???