Can you use depreciation for a rented out property (but not planning on selling it)

Discussion in 'Accounting & Tax' started by WilliamGoh, 23rd Jun, 2020.

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  1. WilliamGoh

    WilliamGoh Active Member

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    Also what are some good companies for depreciation schedule here in Perth WA?
     
  2. Jaxon Avery

    Jaxon Avery Well-Known Member

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  3. Paul@PAS

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

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    BMT, Washington Brown, Duotax, Depreciator

    An accountant cannot retrospectively determine a cost of construction (Div 43) and can only add a schedule for newly acquired plant purchased and installed