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Depreciation on old vs. new properties

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Your Investment Property | 23 Jan 2012, 12:00 AM Agree 0
Q: I want to purchase my first investment property, but am unsure if I should buy a new or old property. How will the property’s age affect my tax claims on depreciation? I was told by friends that it’s not worth buying properties that don’t have depreciation benefits. Is this true?
  • Chris | 24 Jan 2012, 11:05 AM Agree 0

    What a lovely detailed answer that ignored the first two questions that were asked. Rather than presuming that the person doesn't have an investment strategy and presuming that they have selected a property type purely based on their likes - why don't you presume that they have a strategy and that they have done research and then provide some concrete answers to their questions - ie, What are the advantages of buying a new property over old? How will the property’s age affect my tax claims on depreciation?
  • Bruce | 24 Jan 2012, 02:39 PM Agree 0
    Ouch Helen I think you were told or was is a dorothy dix question?

  • Bruce | 24 Jan 2012, 02:42 PM Agree 0
  • Shane | 25 Jan 2012, 06:34 PM Agree 0
    Chris, by your response you seem rather knowledgabe in these two questions. Why don't you answer the questions instead of berating Helen. Of course I am PRESUMING that you know the answers to these questions or should I be PRESUMING that you don't ???
  • Bob the builder | 26 Jan 2012, 12:35 PM Agree 0
    I agree 100% with Chris. I read this article as I was very interested in the answers. Unfortunately the
    " meat pie " was all pastry and tomato sauce - no meat at all. Disappointing answer to say the least.
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