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    It's been moved to the Currency Contortion thread by Perry. Which still seems closed. Hope it doesnt prevent you from replying.
  2. View Conversation
    Hi Spaceman, been a while. I left you a link in the Financial Armageddon thread. Worth a read I think.
  3. Normally I live in Dili in East Timor ..... right now I am in Palmerston North.

    Think they've got you on the 50 year thing... apparently to be considered a house and thus get building consents/approvals etc it has to be designed with a 50 year lifespan..... hence no deprec on houses. I would assume that now all repairs are abled to be claimed as expenses as you can no longer capatlise them and deprec any more you were required to do with some if they were considered improvements.... not sure what will happen if the repair is a repair and an improvemnet at the same time... replacing a roof could be a good example of a repair, some beean counters may claim it to be an improvement if somehow the roof is better ...dunno I guess I'll have to cross that bridge when I come to it.

    Maybe it will all be clear to me when you read this in 6 months time...cheers
    spaceman
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    Che ? i only log on once every 6 months spaceman

    what are you referring to

    best wishes

    Olly_Pilchard

    ps just looked at original message; disregard the above; where in Space do you live

    PPS what are your views on Budget 2010; my thoughts are my property wont last 50 years ; so will continue to claim deprec as per before ; if it is to last 50 years I need to claim the 3% per annum to pay for rebuild of roof say in 10 years time; what are your extra-terrestial thoughts ?
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    Hi Spaceman how come its just you and me on Good Friday viewing the listings ?
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About spaceman
Biography:
Lawrence I Hunter
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Wellington
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In classic Python form they just have to be...Golf, Masturbation & Strangling small animals.
Occupation:
RF bloke

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Delightfully in need of some Tender Loving Care
Blessed are those who can give without remembering and take without forgetting
Some things are not as they seem, nor are they otherwise

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