If the property or any of its assets were used for private purposes, you cannot claim depreciation for that specific timeframe. Our report provides the total potential deduction for the entire income year, allowing your accountant to easily apportion the claim based on the exact dates the property transitioned from a home to an investment.
Disclaimer:This information is general in nature. Acumentis recommends consulting with a registered tax agent or financial advisor to determine which depreciation method is best suited to your specific financial circumstances.