Do you have a current tax depreciation schedule?

Discussion in 'Accounting & Tax' started by 20067, 18th Jun, 2019.

Join Australia's most dynamic and respected property investment community
Tags:
  1. 20067

    20067 Member

    Joined:
    18th Jun, 2019
    Posts:
    6
    Location:
    Brisbane
    Getting ready for 30 June tips - Investment Property Owners

    It is getting close to 30 June 2019 - have you got a current tax depreciation schedule in place for your rental property?

    The ATO does not accept accountants as experts in this area, so you need to get your property, fixtures, fittings etc valued by a quantity surveyor to avoid issues should you be audited.

    It is never too late, the reports can be backdated and are usually for a 10 year period.

    If you do not have a tax depreciation report, you could be missing out on $1000s of tax deductions.
     
    20067, 18th Jun, 2019
    #1
  2. Ross Forrester

    Ross Forrester Well-Known Member

    Joined:
    30th Oct, 2016
    Posts:
    2,085
    Location:
    Perth, Western Australia
    Yes.
     
    Ross Forrester, 18th Jun, 2019
    #2
    craigc and 20067 like this.
Financial Advice – Do you need help