Methods of Depreciation

We bought an older home as an investment property and renovated it.

John and Lillian Pangallo,

We didn't realize things like existing appliances and carpets can be depreciated.

"We bought an older home as an investment property and renovated it. Our accountant recommended we get Depreciator.com.au to put together a depreciation schedule on the renovation work we carried out. Matthew from Depreciator was great - he really knows what he's talking about. We're in the process of buying another property and we talked to him about it. We didn't realize things like existing appliances and carpets can be depreciated."

Methods of Depreciation

Do you know about the hidden cash flow sitting
in your investment property?

There are two methods of depreciation to choose from: Prime Cost and Diminishing Value. Depreciation Schedules must contain both methods, but not all do. Your accountant will help you work out which method best suits you. One thing to bear in mind is that when you start off using one method, you can’t swap to the other method. The treatment of Assets in the Low Value Pool also differs between the methods.