Depreciation Report Claim

Discussion in 'Accounting & Tax' started by Sheep112, 10th Jul, 2017.

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  1. Sheep112

    Sheep112 Well-Known Member

    Joined:
    26th May, 2017
    Posts:
    58
    Location:
    Sydney
    Hi all,

    I have a depreciation report done prior to the end financial year but the tenant signed the contract after July 2017. I was living in it before.

    Do I claim the schedule fee for last financial year or next year?

    Thanks

    Rich.
     
    Sheep112, 10th Jul, 2017
    #1
  2. Depreciator

    Depreciator Well-Known Member

    Joined:
    15th Jun, 2015
    Posts:
    1,963
    Location:
    Sydney
    When was the property 'available to rent'? That is the start date. The company that did it would be able to change the start date easily. They won't charge to do that.
    Re: Claiming the fee. If you paid it last fin year, that is when you claim it.
    Scott
     
    Depreciator, 11th Jul, 2017
    #2
  3. Paul@PAS

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

    Joined:
    18th Jun, 2015
    Posts:
    23,536
    Location:
    Sydney
    Tip - The QS fee isnt a rental property cost. Its a tax agent service
     
    Paul@PAS, 11th Jul, 2017
    #3
    kierank likes this.