On a house built in 1983, is there much that can depreciated? We take possession of a 3br brick home in Claremont Hobart within the month. Is it worth have someone go through the house and do a depreciation schedule? Who does these in Hobart?
Voigtstr it depends. Has it been renovated since 1983? Here is an example of 1 that has been renovated On the following page they have an example for a pre 85 renovated house Depreciator - Quantity Surveyor prepared Tax Depreciation Schedules
Yep the kitchen and bathroom have both been updated. There's a dishwasher and split cycle air con that are a few years old as well. We only plan to rent it for 2-3 years, before moving in ourselves. Thanks for the link, it has been bookmarked.
Depreciator is one but there are others as well such as Welcome to DEPPRO Asia Pacific, Depreciation Schedule, Quantity Surveyor – Washington Brown TaxShield Australia Expect to pay anything from $250 upwards depending on the type of property and it's location Taxshield seem cheap and there could be others but I don't know how good they are. I've used Depro and depreciator in the past with varying results. Deppro from memory offer a forum discount but Depreciator and others could match it so don't be afraid to ask. Cheers
Depreciator does it for $605 for somersoft members... Interested to hear what you mean by varying results BV? You mean varying deprecation amounts?
Dave, Yes, different amounts and varying standards. For example I've used Deppro for 1 property and the figures were very good. Then I used them again 1 year later and they had obviously made a mistake The house was built in the 60's and the schedule they prepared was for a near new house. It makes you wonder if they've inspected the correct house or if they mixed up reports and someone else got mine... I've also used Depreciator a few times and when compared to Deppro I feel they are more conservative so it's unlikely that their schedules will be questioned by the ATO. It probably doesn't matter who you use but I feel that you need to keep an eye on them because they all make mistakes. Cheers
I'd suggest you contact Scott from Depreciator, even just for some feedback; as a member of some of these sites I've found him helpfull to our queries
HA HA ... When I took out my first property loan (the worst house in the best street etc. ) it was more difficult to qualify for loans. The inspection report for the bank stated approx build date 1860 (old farmhouse in suburbs now - but big block). In the loan "interview" the bank clerk stated that this was obviously a mistake and changed it to 1960. Rob
