All Topics / Help Needed! / taking possession of newly built investment property B4 31 June?

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  • Profile photo of darkness72darkness72
    Participant
    @darkness72
    Join Date: 2013
    Post Count: 51
    June 17, 2016 - 7:28 am

    Hi

    Wondering if there are any general advantages / tax consideration regarding taking iminent possession of a newly built investment property we have had our builder building before or after the financial year? which would be better, or does it not really matter?

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    June 17, 2016 - 11:58 am

    You could claim depreciation

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856
    June 26, 2016 - 9:50 pm

    Seconded – might as well claim depreciation for the couple of days

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