A: Last Updated 13 February 2015

Scrapping is the removal and disposal of any potentially depreciable asset from an investment property. When these old assets (like carpet and hot water systems) are replaced or ‘scrapped’, the owners may be entitled to claim them as a tax deduction for the remaining depreciable value.

Watch Brad Beer, Chief Executive Officer of BMT Tax Depreciation as he explains more about scrapping in this video: What is scrapping?

Unable to find what your looking for?

Ask a question or search more topics

Talk to a depreciation specialist on 1300 728 726, email info@bmtqs.com.au, contact us now via LiveChat or simply request a quote and we’ll be in touch.