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08/02/24

09:07

Post #: 72297115
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Originally posted by pugsley100 ↑

What about the depreciation?

If you want to claim depreciation you can if the circumstances are right.
New but not second hand these days.
The ATO has guides that indicate how long certain plant and equipment are expected to last so you depreciate them over their expected lifetime.
Other things are considered a capital works deduction.
Some low cost things can be pooled and depreciated in a low value pool.
The ATO have a guide.
https://www.ato.gov.au/forms-and-in...erty-assets/residential-rental-property-items" target="_blank" rel="noreferrer noopener">https://www.ato.gov.au/forms-and-in...ets/residential-rental-property-items</a><br>

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nice link
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