All Topics / Help Needed! / Tools for repairs – can they be claimed?

Viewing 2 posts - 1 through 2 (of 2 total)
  • Profile photo of waynel2waynel2
    Member
    @waynel2
    Join Date: 2004
    Post Count: 311
    August 3, 2004 - 7:49 am

    G’day,

    If I go out and buy a load of tools to do a repair on a rental, (eg, I recently bought a grinder to fix up a gate), can I claim these tools agaisnt the repair aswell as the cost of the materials?

    cheers

    Wayne Leech

    *Below are links to my websites – any feedback, comments would be appreciated:)
    http://www.landsearcher.com.au – List your land for FREE (Private sellers only)
    http://www.homesearcher.com.au – List your property for FREE (Private sellers only)

    Profile photo of bennidobennido
    Participant
    @bennido
    Join Date: 2004
    Post Count: 195
    August 3, 2004 - 8:11 am

    I am no accountant, but I think you would have to apportion the usage of the tools between income generating activities and private use.

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic. If you don't have an account, you can register here.