I purchased a second-hand property, what can I claim?

depreciation legislation, claim depreciation on investment property, CGT, Capital Gains Tax, investment property legislation, second-hand investment property

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With residential depreciation legislation changing in May last year, there has been some confusion amongst property investors and industry professionals and many have been wondering if second-hand properties can still claim tax depreciation.

August 08, 2018

Investors don’t need to miss out on claiming depreciation on second hand assets!

claim depreciation on investment property, investment property legislation, depreciation and budget 2017, quantity surveyor, plant and equipment, division 40, division 43, investment property tax deductions, tax depreciation schedules, tax depreciation schedule, tax depreciation, Capital Gains Tax, CGT

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As referred to in previous articles click here, the amendments to legislation about claiming depreciation has changed the timing of claims for second hand Division 40 assets.  Previously, the depreciation deductions for these assets could be[...]

April 24, 2018
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