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I’ve just purchased a very run-down property and it needs a new kitchen & bathroom. Should I purchase a depreciation report? If so, how can a depreciation report help me with writing off older equipment? With any existing kitchen and bathroom, although that may seem quite old, there may indeed be some residual value in […]

My rental property was built in the 50’s. Can I still claim depreciation? Yes. In fact, with older properties the Australian Taxation Office (ATO) allows appliances such as stove tops and ovens to depreciate much faster. After including a host of other old items such as blinds and carpets, you are looking at $4000 to $5000 […]