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rate of depreciation

Submitted by nejas on March 25, 2008 - 5:20pm.

Joined: 03/02/2008

Hey people, can anyone tell me the rate at which items are depreciated? I know what can be depreciated for plant items, but I would like to know the rate? Eg $4500 spent on aircon, $2500 on new carpet, 3000 on painting?
I am doing a reno and want to know if spending the majority of the $$ on depreciable items will turn the IP into a pos cashy?

Cheers



Terryw's picture

March 25, 2008 - 7:57pm

Joined: 01/01/2002

You should get the depreciation booklet from the ATO - it should be available for download.

Terryw
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