It is useful for investors to obtain a depreciation schedule just after settlement even if they are not completing renovations.
- Avoid disturbing tenants – complete the inspection prior to tenants moving in.
- The report will always begin from the settlement date – you will be organised well ahead of tax time.
- If you do intend to make some additions (such as an air conditioner, pergola etc.) to the property in the future your accountant can address these – although, it may be a good idea to hold off until the additions have been made if you want to have all your expenditure included in the comprehensive report. Either way – you will have the same result!