All Topics / Legal & Accounting / tax deductions

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  • Profile photo of nsellarnsellar
    Member
    @nsellar
    Join Date: 2006
    Post Count: 12
    March 31, 2006 - 3:13 am

    I have one investment property at the moment and lately have been spending money on the property, the property is brand new and is being rented out, the work i have being getting done is install aircon, landscaping, security doors and screens etc, the question i have is if these items are tax deductable or are they seen as a capital expense and would i only be able to claim the depreciation on these items.

    Thanks

    Nathan

    Profile photo of DerekDerek
    Member
    @derek
    Join Date: 2004
    Post Count: 3,544
    March 31, 2006 - 3:44 am

    All capital costs and are depreciable but not deductible.

    Deductibility exists if the work is repair.

    Derek
    [email protected]
    http://www.pis.theinvestorsclub.com.au
    0409 882 958
    Skype – derekjones2113

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