Domestic rental properties built before July 1985 do not qualify for building write off. Do not be cohersed into paying for a quantity surveyors report just to calculate the depreciation available on the plant and equipment in the house. Unlike the building write off you are allowed to estimate the value of the plant and equipment yourself.
Please seek advice on your particular circumstances before acting on this information. For more handy tax tips please visit www.bantacs.com.au or click here.