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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)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)
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