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Landlords Insurance - spread the word

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Originally Posted by zeph34 (Post 867683)
I didn't know about depreciation reports etc till a friend told me just before tax time. When I took my books to the accountant to do my taxes, he was surprised that I (as a first time landlord) had a depreciation report.

I had forgotten about the 'write off' option when we came to renovating a kitchen and bathroom recently. Its sometimes too late to get the info re the old cupboards, cooker and stuff you remove before renovating, so make sure you get the depreciators in BEFORE you start renovating. Fortunately I was able to provide photos and also invoices to show cost of removed items.

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