Rental Depreciation Schedule
Last edited 22/07/2019 - 14:21 by 1 other user
I am trying to conclude my findings on rental depreciation so I can decide which way to go.
Using MyGov, the ‘Depreciation and Capital allowance’ tool will ask for the construction dates and cost, and then it will give me a schedule for 40 years or so. Those figures will automatically be on MyGov record. Or If I get the schedule done by a ATO complaint surveyor, they ask different things, I will be given a schedule, but then I won’t be able to put the amount from the schedule using MyGov, because Rent section does not have a field to insert the figure from the surveyor, MyGov has only a tool.
So, I must lodge the tax return by a tax agent if I get the schedule done by a surveyor? Is that right?