PT18Participant@pratik-tripathiJoin Date: 2017Post Count: 6
I am currently looking at purchasing first investment property, an established one. Since July, it appears that depreciation cannot be claimed on plant and equipment installed by previous owner. I was wondering if there was any way around it where I can still claim the depreciation. Also, whether it is worth doing for the income/offset it is going to provide.
Any advice will be appreciated.
Thanks.BennyModerator@bennyJoin Date: 2002Post Count: 1,325
You might get a good idea or two from this discussion :-
Note that the situation evolved over time, and, by May 10th, Steve was pretty much defining what he thought might be workable. One early response has a link that goes to a Quantity Surveyor’s office, and, if you click on it, someone invites you to “chat” with them. So maybe take them up on it, to see if they have found “ways around this”.
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