If renting a property furnished, do you need a new depreciation schedule or do you just give a list of furniture/furnishing assets to your accountant?
I'm thinking the latter as it's not like you get a new depreciation schedule done if you say add a patio, or do a small renovation, but I may be wrong ?
How about if some assets are not new, do you just use approximate values ?
I'm thinking the latter as it's not like you get a new depreciation schedule done if you say add a patio, or do a small renovation, but I may be wrong ?
How about if some assets are not new, do you just use approximate values ?
Renting furnished and tax query
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