Another Depreciation Schedule Question

Discussion in 'Accounting & Tax' started by JK200SX, 13th Sep, 2017.

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  1. JK200SX

    JK200SX Well-Known Member

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    Not sure if this has been answered before, but if you have a property held by a Bare trustee in an SMSF, do you have the depreciation schedule in the name of the Bare trust or the SMSF?
     
    JK200SX, 13th Sep, 2017
    #1
  2. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    SMSf is beneficial owner so it claims everything regardless whose name is on things.
     
    Terry_w, 13th Sep, 2017
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  3. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

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    It wouldnt matter what name the schedule is in. The owner claims the deduction/s.
    You could use the former owners report if you like.
     
    Paul@PAS, 14th Sep, 2017
    #3