Your Investment Property forum is the place for positive industry interaction and welcomes your professional and informed opinion.

Claiming when IP used to be PPOR

Notify me of new replies via email
tyfe | 06 Oct 2015, 02:35 PM Agree 0
Hi All
Sorry if silly question - I'm not getting straight answers from Accountant and Surveyors.
Our PPOR became an IP in late June so I know we can only claim interest etc for the short time it was an IP, but my question relates more to Depreciation and Low Value Pool items. Is it correct that we can't claim the LVP items and under $300 immediate write-off's because property was a PPOR? The depreciation schedule is showing that we can't, but from what I understood we could?
TIA
Post a reply