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Second Hand Property · Koste Knowledge Base

Can I claim second-hand assets if I bought the property before 9 May 2017?

Quick Answer

If you bought your residential investment property before 9 May 2017, you may be treated differently from investors who bought after the rule change. You should review your depreciation schedule and accountant advice to confirm whether existing plant and equipment can still be claimed.

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Written by Koste Team · Koste Chartered Quantity Surveyors · AIQS Member · RICS Member · TPB Registered · 1300 669 400 · info@koste.ai