Hi,
I am the owner of a free standing Villa part of a Hotel Resort – the Villa is within the grounds of the resort
Q) Am i able to claim an Common Area Deprication – eg: pool / golf course / private road within the resort etc
thanks for any assistance.FG
You get what you get because you do what you do so if you don’t like what you’ve got then change what you do.Originally posted by Froggie:Hi,
I am the owner of a free standing Villa part of a Hotel Resort – the Villa is within the grounds of the resort
Q) Am i able to claim an Common Area Deprication – eg: pool / golf course / private road within the resort etc
thanks for any assistance.FG
The simple answer is yes you can. You will need a depreciation report from a Quantity Surveyor
Michael Yardney
METROPOLE PROPERTIES
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FREE subscription http://www.metropole.com.auAnd the amount is apportioned amongst all lot holders in accordance with their share of ownership.
Derek
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0409 882 958
Property investment advice and researched property in quality locations available.It depends on what you actually own. Big complexes with golf course, roads etc are tricky. Although your unit might be situated within a golf course etc and you may have certain rights to use it, you may not actually own it. You may not own much beyond your building. In some cases things like a golf course may be owned by a seperate entity. This shouldn’t affect your access to it or anything like that, but it may affect your entitlement to claim depreciation on it.
Tax Depreciation Schedules
Australia wide service
1300 660033
[email protected]
http://www.depreciator.com.au
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