Q. I was interested to read your comment that any depreciation claimed on a rental property that rises in value will be clawed back by the IRD.
It is only the value of the house that you are claiming depreciation on, so how do IRD assess what the value of that dwelling is at the time of sale?
A. When you sell a rental property, you need to appo
Tuesday, August 27th 2002, 9:00AM
by The Landlord
rtion the sale price between the land and the building.
Inland Revenue says you can use the valuation numbers used to set your rates. Or you can get a valuation from an independent valuer.
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