Comments on: When can depreciation be claimed on a principal place of residence?

By: BMT Team

BMT Team — Tue, 13 Aug 2019 06:52:57 +0000

Hi Hariharan,

We’d recommend speaking with an accountant regarding your CGT question. They’ll be able to advise you based on your financial position.
To arrange a tax depreciation schedule, we’d recommend contacting one of our expert staff by calling 1300 728 726 or requesting a quote online. Alternatively, we can get our staff to contact you on the email you’ve provided.

Thanks,
BMT Team

By: Hariharan

Hariharan — Tue, 13 Aug 2019 03:20:44 +0000

Hi ,

Thanks for the post. I would like to get a depreciation report for my principal property(from Dec 2011) which is currently rented out from July 2018. I have question regarding the CGT event. I know that i get CGT exemption by the 6 year rule. However if in case I sell this property in 2020 do i need to pay CGT since I have claimed the depreciation for 2 years?

Regards,
Hariharan.M

By: BMT Team

BMT Team — Tue, 20 Jun 2017 02:53:07 +0000

Hi Dan,

Thanks for reading our post and getting in touch regarding your property.

To get a better understanding of your property and situation it might be best if you drop us an email at socialmedia@bmtqs.com.au with your contact details. If you’d like, one of our team members can get in touch to discuss further and provide you with an estimate of the likely depreciation deductions you can claim for your property.

Thanks,
BMT Team

By: Daniel Archer

Daniel Archer — Mon, 05 Jun 2017 01:40:00 +0000

Thanks for the post.

I recently purchased a brand new 2 bedroom unit in QLD. I have been living in it for two weeks now. However, I now need to return back to NSW for another six months to live with my mother. I’m quite keen to rent it out fully furnished while I’m gone. What sort of depreciation claims can I make?

Cheers

Dan