Depreciation schedule

Discussion in 'Accounting & Tax' started by robbie_p, 1st Jun, 2016.

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  1. robbie_p

    robbie_p Well-Known Member

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    Hi there,

    I have depreciation schedule for my investment property.

    I have since installed aircon ($2000) and put up new fencing ($1000).

    Is this something which needs to be added to the schedule?

    Regards,
    Robbie
     
    robbie_p, 1st Jun, 2016
    #1
  2. Terry_w

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

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    Yes
     
    Terry_w, 1st Jun, 2016
    #2
  3. Paul@PAS

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

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    Go back to the QS and see if they can amend. Maybe no or trivial costs (and a scrapping deduction for the old unit maybe ??)

    The fencing would be a capital works item
     
    Paul@PAS, 1st Jun, 2016
    #3