AU Tax - Depreciation Schedules unlinked
Ability to have separate and unlinked depreciation schedules available in Xero Tax a still print a depreciation report would be very useful. At times there is no requirement to link a depreciation schedule to a particular area with the tax return (it may not be relevant for the current year however is required in future years) or the schedules relates to two areas within the tax return. I have circumstances where rental assets has differing ownership percentages which causes a nightmare using the current depreciation processes.
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Goran Trajkovski commented
At the moment we cannot keep depreciation in a partnership distribution schedule. A lot of clients are buying depreciable assets as partners in partnerships. It would be good if the depreciation is kept in the XERO tax file, rather than in Excel. I prefer an ability to create depreciation assets in the Partnership/Trust schedule, or have it unlinked/centralised with an option to link to different schedules where depreciation is relevant
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Allisa Coltish commented
Would love to be able to print the unlinked depreciation schedule with the tax return.