House Rising
December 31st, 2010
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Can you claim Negative Gearing Depreciation when your house is rising in value?
I heard this is possible, but I cannot seem to put my head around it.
Is it because the value increase is not realised until you sell the property?
Where you rent out a property, you can claim depreciation on fittings, appliances and capital works deductions on property improvements...you can also claim capital works deductions on the cost of the house itself (the building). All these things lose value over time...it is the land that will usually increase in value.
Whats On My YouTube Today?
Sinead O'Connor - The House of the Rising Sun
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Categories: Vinyl