https://www.propertyinvesting.com/members/neil-richardson/activity/ Activity feed for Neil Richardson. Mon, 13 Apr 2026 02:00:52 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 e6d5fe52c713298adb7ac99762c9390d https://www.propertyinvesting.com/topic/4404008-getting-a-second-depreciation-report-done-after-x-amount-of-years/#post-4650304 Tue, 21 Jun 2011 21:57:39 +0000 With regards to your kitchen, it is part of the capital allowance, so would not ever change. if I a kitchen cost say, $10,000 to install in the year 2000, then that is the cost you depreciate for 40 years. It has nothing to do with the current cost or value, but the cost of installation/construction at the time it was installed/built.Hope this…[Read more]

]]> 348b24a1ee70fb518d2872a24cbabfff https://www.propertyinvesting.com/topic/4403154-depreciation-schedule-ppor-possible/#post-4644217 Mon, 28 Mar 2011 00:57:19 +0000 MikeTo be strictly correct, yes you can get a Depreciation Report prepared for your PPOR.However it will be of no use to you unless at some stage down the track, you convert it into an IP.So there's nothing stopping you getting one now while all the costs are fresh in your mind but there's nothing to be gained from it at present.Cheers

]]> 93295ebef8c85a08c764d7efd9c26071 https://www.propertyinvesting.com/topic/4402741-depreciation-schedule-17/#post-4641616 Thu, 10 Feb 2011 06:47:28 +0000 Just give the invoices to your accountant. They will  work it out from there. If you had major house reno's done you may think about a new schedule. But the works your describe will be fine.Cheers

]]> e7cc4df25176469a2d25dc4c7a12a5d0 https://www.propertyinvesting.com/topic/4401801-depreciation-schedule-self-inspect/#post-4635667 Mon, 08 Nov 2010 20:47:06 +0000 As Tyron says, this practice is not supported by the AIQS and not recommended.Funnily enough I have the same stong views!Low and behond that firm's website shows an AIQS logo. That is a separate issue.

]]> 05b885a20e437515e8c467287433cce5 https://www.propertyinvesting.com/topic/4401362-quantity-surveyors-report-depreciation/#post-4633224 Fri, 01 Oct 2010 01:41:26 +0000 JackThe original construction cost is available for depreciation at a flat rate of 2.5% for 40 years. So it starts to depreciate from the time it is completed for 40 years. You can get 35 years of that. But as it is a flat rate you get the same every year. What you desribe is correct . if the cost was $200,000 you can claim $5000 per year on it.…[Read more]

]]> 1e3da6dfe88d5d8ba3eeac59a8a6572f https://www.propertyinvesting.com/topic/4401225-quantity-surveyors-backdating-depreciation-schedules-and-tax-adjustments/#post-4632022 Sat, 18 Sep 2010 22:12:41 +0000 Sorry got looking at the more recent posts first and your first post is well, so full of info…..I understand you can redo 4 years of tax returns for missed claims. But that is more a Q for your accountant to confirm.Will depend on the extent of the renos you plan to do. I would suggest a report once complete would suffice.Lots of factors at play…[Read more]

]]> 3721b0b0cbd80b78eb258ba3a6beb281 https://www.propertyinvesting.com/topic/4401225-quantity-surveyors-backdating-depreciation-schedules-and-tax-adjustments/#post-4632019 Sat, 18 Sep 2010 01:45:32 +0000 Yes wisepearl it is best to get a QS to visit the property.Neither the ATO or the AIQS (Ausralian Institute of Quantity Surveyors) support the practice of doing reports remotely despite the plethora of them available.Unfortunately the price of these still drives a lot of the market.

]]> 6ce397cf3927f1553d2f70e18acbf22a https://www.propertyinvesting.com/topic/4401177-building-contract-advice/#post-4631776 Tue, 14 Sep 2010 00:08:08 +0000 Normally you would include something in the Liquidated Damages section of the contract. it would allow you to insert a rate per day or week to compensate you for the delays in completion.They are not the easiest to enforce as delaing with construction delays is a whole world on its own.However that is what the LD clause is for and if the…[Read more]

]]> 86fa419f204de16cb3e668af559de689 https://www.propertyinvesting.com/topic/4400435-capital-deductions/#post-4627423 Fri, 02 Jul 2010 01:40:24 +0000 AndyIf you engage a builder then you are able to claim the profit component as it is part of the cost of construction.if however, you buy a house from a builder who built it himself as a "speccy" then the profit is not claimable as the profit is not part of the cost of construction to the builder.Regards

]]> 7f4a6b023ad69c36b7b7e31cacf6d773 https://www.propertyinvesting.com/topic/4400036-building-allowance-2-5-on-apartment/#post-4624935 Tue, 01 Jun 2010 00:20:46 +0000 ScabTo get the 4% eluded to in another post, you yourself must own 10 or more units in the complex. That won't apply to most people.You will get 2.5% on the construction costs, depending on age, plus depreciation on the plant items.Regards

]]> e76753c2e5cb9d8aff4597af7258b7be https://www.propertyinvesting.com/topic/4400079-ato-requirements-redepreciation-schedules/#post-4625116 Tue, 01 Jun 2010 00:16:50 +0000 IJCYou have your assumptions correct, in regards to the 2.5% and the 4%.The 4% properties used to be very popular, however their usefullness has now almost expired as most will cease to be able to be claimed this year or the next or 2012.

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