Dont forget depreciation!

As the end of the financial year is creeping up on us, we would like to remind you to get your depreciation schedules prepared so that you can claim the cost of having it prepared in your 2014 return.  You will then have the report ready for when we prepare your 2014 return.  Don’t forget that depreciation is not only for new properties – it can still be worthwhile getting schedule prepared for older properties, up to 40 years old.  Most quantity surveyors are happy to discuss whether or not it is worth your while to have a schedule prepared for older properties.

This will only apply if you’ve never had a depreciation schedule prepared for your property before. For example: if you replace the heater or dishwasher there is no need to get a new schedule, we can take care of these updates as they happen over the years.

Any questions please don’t hesitate to call the office or email bec@gatherumgoss.com