Recent Content by SimonQld

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  1. SimonQld
    Post

    Can't claim depreciation but what about capital works?

    Even if you were to obtain the original construction cost from the previous owner you still need this to be split into Division 43 depreciation,...
    Post by: SimonQld, 18th Dec, 2017 in forum: Accounting & Tax
  2. SimonQld
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    Can you depreciate Division 40 items when...

    Thanks Paul for reaffirming what I had thought.
    Post by: SimonQld, 13th Dec, 2017 in forum: Accounting & Tax
  3. SimonQld
    Thread

    Can you depreciate Division 40 items when...

    I assume this client cannot depreciate Division 40 items in this instance but would like to hear what others think in light of the Legislative...
    Thread by: SimonQld, 13th Dec, 2017, 3 replies, in forum: Accounting & Tax
  4. SimonQld
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    Depreciation of Division 40 assets where owner occupied property becomes a rental property

    Since you brought it up... Wouldn't the CGT loss work like this: Buy for $1M sell 10 years later for $2M without taking Div 40 assets into account...
    Post by: SimonQld, 10th Nov, 2017 in forum: Accounting & Tax
  5. SimonQld
    Post

    Depreciation of Division 40 assets where owner occupied property becomes a rental property

    Thanks Scott, I sat in on the webinar. It could have gone for a few hours longer IMO - was very rushed and I reckon countless attendees left...
    Post by: SimonQld, 9th Nov, 2017 in forum: Accounting & Tax
  6. SimonQld
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    Depreciation of Division 40 assets where owner occupied property becomes a rental property

    Thanks Michael I had read that but my concern is 2.35 states "new apartment". Could this be interpreted as / referring to new properties acquired...
    Post by: SimonQld, 9th Nov, 2017 in forum: Accounting & Tax
  7. SimonQld
    Thread

    Depreciation of Division 40 assets where owner occupied property becomes a rental property

    After a second opinion from a tax expert / accountant please. In relation to the Budget changes to plant and equipment (Division 40)...
    Thread by: SimonQld, 8th Nov, 2017, 12 replies, in forum: Accounting & Tax
  8. SimonQld
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    Tenant pays for new garage door

    Yes.
    Post by: SimonQld, 19th Sep, 2017 in forum: Accounting & Tax
  9. SimonQld
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    Tenant pays for new garage door

    I assume that, in this example (garage door replacement following accidental damage by the lessee), that depreciation entitlements revert to the...
    Post by: SimonQld, 19th Sep, 2017 in forum: Accounting & Tax
  10. SimonQld
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    Tenant pays for new garage door

    So Terry, assuming the tenant pays for it directly, is the landlord still entitled to claim depreciation on the new door? And, write-off the...
    Post by: SimonQld, 18th Sep, 2017 in forum: Accounting & Tax
  11. SimonQld
    Thread

    Tenant pays for new garage door

    Looking for an opinion please: Scenario, a tenant drives into the garage door of the property that they lease. As a result, the garage door needs...
    Thread by: SimonQld, 18th Sep, 2017, 22 replies, in forum: Accounting & Tax
  12. SimonQld
    Post

    How much depreciation can I expect to claim?

    If you signed a contract post 9 May 2017 then you can't claim the plant and equipment and depreciation will be limited to the building...
    Post by: SimonQld, 18th Sep, 2017 in forum: Accounting & Tax