Thank you Everybody,

Don and Steevg, I take your point about it is the future that matters, not so much the past. I am very much trying NOT to be a buy, hope and pray investor and was trying to do the right thing and research lots of different areas to try and narrow down the area’s that met my overall strategy. I think I got bogged down in the…[Read more]

Thank You one and all for your comments. The fence is still in good condition really so I have decided to straighten it. Thanks Freckle for the idea of painting/staining it. Hadn't  thought of that one and your right, quick, easy and cheap to make it look a lot better.  The shed is a tough one. I could definitely set it up with driveway access via…[Read more]

Thank You one and all, Particular thanks to JacM for providing the ATO link.

I had a big read through the Tax Ruling and can report the following. It comes down to 2 major concepts

Repair vs Improvement and,

a Single Acquirable Asset

Paragraph 30 gets to the heart of it

"30. Subparagraph 67A(1)(a)(i) provides that borrowings under an LRBA…[Read more]