Couple years ago I was under the same impression why claim depreciation if i have to pay it back.
Yes I was wrong. At the time I think it was just Capital Works that effected your CGT stuff. Think it has now changed to be all depreciation.
I had a good chat with the guys at BMT Depreciation about it and claiming depreciation and they set the…[Read more]
Using this it gave me a cost of about $15.9m to $17.5mil using 8500 sqm and 8 or more level unit building with lift and basement car park.
You could call a few quantity surveyors I think they do estimate or construction estimates or something but obviously you would have to pay for this I…[Read more]
I think the comment does answer your question. The landlord needs to agree to notify TICA of any changes, not the property manager. The property manager more than likely could help by contacting landlord and arranging etc but chances are for the stuff they deal with every day probably couldnt give a rats about your issue.
Yes they show up, after 15 years you have been paying x y and z for everything then to be told bad luck not yours etc.
Seems a lot of energy and time with a small guarantee of success.
How much depreciation. $2k might not be the $15k your entitled to I think thats what people are asking. I have a a few properties that are around 3 years old some are $8k some are $35k per year roughly (see depreciation term doesnt help need figures).
I would estimate a unit that is only 2.5 years old should be getting at least $8-10k minimum surely!
Done some more research here are some links
Pricefinder Iphone: http://itunes.apple.com/au/app/pricefinder/id412545272?mt=8&ls=1
Princefinder Android https://play.google.com/store/apps/details?id=com.pricefinder.android
BMT Tax Calculator Iphone http://itunes.apple.com/au/app/bmt-tax-calc/id471823532?mt=8
BMT Tax Calculator…[Read more]
Domains app is really good. I use it all the time whilst out and about see what is avaliable around the area it works well.
BMT's construction calculator app and depreciation app I keep to run some numbers by if I need too.
I also subscribe to Price Finder and their app is always really good to help check past sales, comparables etc when looking…[Read more]
Yes number of ways to look at.
Rawlinsons construction handbook think its about $400 but may be able to source from somewhere and they may have online rate or something I havent checked
Construction calculators like Scott No Mates mentioned like http://www.bmtqs.com.au/ConstructionCostCalculator.aspx and if you are signed up to their mailing…[Read more]
Thanks guys for the insights be good to see what happens or if I can get a hold of this paper they are talking about to have a read what kind of proposals or changes are being made.
I heard today changing rates around for depreciation is now on the cards rather than abolishing it. For example a rate of a certain building will depreciate…[Read more]
Yes I agree these things always come and go when they realise what ramifications and recourse there would be.
There is such a shortage in housing and everyones trying to stimulate people buying/building houses then they go and make it even harder by removing some of the benefits of doing so.
Sure, if you can afford if before/after depreciation,…[Read more]
Did the very same thing recently. Had a PPOR that was not really exactly where we wanted to live but hey, we got onto the ladder. We then moved into a newer home and started renting out the PPOR. I had completed heaps of renovations over the years we were there and didn't think anything of it until I had BMT Tax Depreciation come in and do a…[Read more]
I think the right term is nothing tears friends family apart than shacking with them! Haha
No we didn't want to do that because of our dogs and kid < 6 month old.
If we found the right buyer to let us rent it back for a 6 month lease could be handy until the final place is built. Will definetly discuss this with the REA when we meet. Failing…[Read more]
That is a possibility Santh, yes it could be hard trying to find the right buyer but it could work – I have a meeting with the real estate agent soon so may have to discuss what he thinks about this scenario.
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