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  • Profile photo of bennidobennido
    Participant
    @bennido
    Join Date: 2004
    Post Count: 195
    September 14, 2007 - 3:05 pm

    Hi all,

    I am about to buy a brand new house as an IP. I have never that before (my other IPs are all older homes) so I have a couple of basic questions.

    1. I read somewhere that you need to prove to the ATO that you are unable to attain the original building cost before they will accept a depreciation report. Is this is true ?

    2. Do I need to get a building inspection report done ? Logic says prob not as the house is new, but I would like to see how others view this.

    Thanks !

    Profile photo of rudolphrudolph
    Member
    @rudolph
    Join Date: 2003
    Post Count: 23
    September 14, 2007 - 8:43 pm

    Hi
    Do you need a building report depend on how well you trust the builder with your money. I know with some builders I would definitrly get a report. What is a couple of hundred dollars compared to your investment and peace of mind.

    rudolph

    Profile photo of bennidobennido
    Participant
    @bennido
    Join Date: 2004
    Post Count: 195
    September 15, 2007 - 8:43 am

    Thanks Rudolph .. I think I'll get an inspection as recommended just for the peace of mind.

    Can anyone recommend a good building inspector that can service the Williamstown area ?

    Thanks !

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