There is very little and in most cases absolutely no difference between what can and cant be claimed and at what rate between a $600K off the plan unit and a 10 Year old house
More misleading tax information from the usual suspects.
There are a number of ATO rulings outling what the commissioner what considers can and can not be written off and over what period under capital allowance (deprecation) and capital works write off
Capital allowance (depreciation) and capital works write off are LEGITIMATE deductions, that take into account the loss in value of assets over a period of time that have been used to gain assessable income
the same rules in the main apply to business (regardless of the structure) and individual tax payers
