Hi again guys
Just wondering if I need a quantity surveyor for this.
The apartment was built 6 years ago, and has had only 1 owner since.
The 1 owner did not claim any depreciation at all on anything. I also have the original value of all the furniture and equipment in the apartment.
Can I just depreciate it using that original figure or would I still need a quantity surveyor?
Thanks
Scab
I think the life of most fittings is only around 5 years, so there may not be much available there, but what about the building value too?
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He hasn't depreciated anything at all including building allowance.
Cheers
If its only six years old, then it's definitely worth it. The building allowance alone would more than pay for the cost of getting the report.
Its irrelevant what the previous owner has claimed.. you can only claim the current years decline in value – the 6th year.
binscab wrote:Can I just depreciate it using that original figure or would I still need a quantity surveyor?
Definitely go with a reputable quantity surveyor who inspects your property – you'll be amazed by what you can depreciate, by how much and for how long! Here is some handy info on depreciation reports: http://blog.rentwise.com.au/index.php/2010/05/18/depreciation-reports-please-explain
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