I can see you are big noting yourself again...calling me a liar... you butted into the conversation again...like a stalker, and I am a bit sick of being called a liar with...ie misleading tax advice...by you
I did not say there was any difference in what could be claimed, it was the amount of the claim...the first post we were discussing write off of depreciation....the second post I qualified the amount that may be written off on an 'off the plan' new unit at 600k's compared to an old house... some houses are so old they do not qualify for that allowance...but 15,000 claim on a new house is substantially different...oh and most people I know do not spend more than 400k on an IP...so the claim on that one available may be more like only 8000 pa.... and then again if its a very old house there would be no claim....
first post. depreciation allowance on capital items that wear out over time and need to be replaced....no big deal...and again the same as business plant and equipment.... the hot water service..airco, stove etc do need to be replaced...
second post. just to qualify my posts.....investment in 'off the plan' and new units is a different kettle of fish...with building depreciation/allowances added to the mix..and of course if you are talking 600k then depreciation can be substantial in the early years.... generally I am talking about the average investment property...probably over 10 years or older....
