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Wear and Tear Allowance on investment property

number 10 · 2010-09-08 10:04:51

Can someone tell me if I sold a investment property during the year, does the annual wear and tear allowance at a rate of 12.5% associated with the allowable expenditure on the house cease on the date of the sale, or can I kept depreciating the allowable capital expenditure until it reaches a zero residual value (i.e 8…

08-09-2010 10:04am

#1

number 10

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Join Date: June 2010

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Can someone tell me if I sold a investment property during the year, does the annual wear and tear allowance at a rate of 12.5% associated with the allowable expenditure on the house cease on the date of the sale, or can I kept depreciating the allowable capital expenditure until it reaches a zero residual value (i.e 8 years from when the expenses were incurred).

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