Depreciation recovery on property sales
Question from Rob updated on 23rd March 2012:
Our expert Mark Withers responded:
Never I’m afraid, there is no time limit on depreciation recovery and the inability to depreciate has no bearing on the requirement to recover what has been claimed historically once the property is sold or disposed of at a gain.
Mark Withers and his team at Withers Tsang & Co specialise in advising on property related transactions, valuation and restructure services and tax planning.