Saw this ad.
Not one I'm thinking of buying, but the statement stood out to me:
"DEPRECIATION NEVER CLAIMED - SUBSTANTIAL TAX BENEFITS"
Why would it make a difference whether or not the vendor has claimed depreciation? Wouldn't the depreciation claimable for a buyer be determined solely by the QS's report for what remains of the buildings' depreciable lifetime? Or are they implying that it being relatively new, you would be able to claim on the full build cost from purchase (rather than an amount reduced by a couple of years) over the allowable lifetime (e.g. 40 years)?
Is it just REA spin and ignorance?
Not one I'm thinking of buying, but the statement stood out to me:
"DEPRECIATION NEVER CLAIMED - SUBSTANTIAL TAX BENEFITS"
Why would it make a difference whether or not the vendor has claimed depreciation? Wouldn't the depreciation claimable for a buyer be determined solely by the QS's report for what remains of the buildings' depreciable lifetime? Or are they implying that it being relatively new, you would be able to claim on the full build cost from purchase (rather than an amount reduced by a couple of years) over the allowable lifetime (e.g. 40 years)?
Is it just REA spin and ignorance?