If the property in Australia is being gifted from my mother, who resides in Canada, to me while I live in Australia, and I have lived in the property for 10 years without renting it out, can she claim depreciation and losses related to potential rental income, as well as incurred costs. We have already seen an accountant who calculated the incurred coast related to ownership and transfer. However they have not included the depreciation or loss of rental income. This was bought as a joint venture and neither of us realized the ramifications of how much growth has occurred in the property sector. It feels like I'm now paying all these things over again due to our mistake.
245 views
245 views1 replies
1 replies
245 views
1 replies