澳洲Australia property Online and other resources for depreciati


在澳大利亚 Ok, keen for some perspective on undermount vs drop in kitchen sinks. I know this topic has been discussed before, and in my view undermounts are a far superior result. However, is it worthwhile for an investment property, bearing in mind th ANZ have charged me a govt. mortgage registration fee of $115 for a refinance - borrowing additional funds for construction on a block of land in QLD already mortgaged with ANZ. There were NO mortgage documents to sign with the new loan docs


I'm just learning about the different parts of depreciation. I've read in one publication that post 1985 properties are depreciated at 2.5% pa for 40 years, I believe I've read elsewhere that for some properties you can do a faster depreciation in the early years? I believe the depreciation of the purchase value is then taken into consideration for future CGT.

On building depreciation as well as internals which seem even more complicated can anyone recommend any good online resources or books?  

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ATO website

Hi ,

You could start with :

http://www.ato.gov.au/uploadedFiles/Content/MEI/downloads/ind00342353n17290613.pdf

Ta

Anne  

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mgs4 said: ↑
I'm just learning about the different parts of depreciation. I've read in one publication that post 1985 properties are depreciated at 2.5% pa for 40 years, I believe I've read elsewhere that for some properties you can do a faster depreciation in the early years? I believe the depreciation of the purchase value is then taken into consideration for future CGT.

On building depreciation as well as internals which seem even more complicated can anyone recommend any good online resources or books?Click to expand...
I wouldnt bother to be perfectly honest.... that's what you commission a Quantity Surveyor for.

You aren't legally qualified to draft a depreciation schedule anyway.

For the sake of $600-$700 that's also fully tax deductible its money well spent.  

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For apartments or houses is their typically a simplistic rough estimate for construction value (for use in depreciation estimates) relative to property purchase price, eg say 40% of construction value in property purchase price for apartments?  

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Construction cost has nothing to do with property purchase price.  

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