Hey everybody,
Im getting my apartment ready to lease out but it needs some basic repairs, like replacing the bathroom tiles (with tiles), and replacing the dishwasher. My question is, when should i get these works done so i can claim tax benefits ( assuming im allowed to claim). can i get it done 4 months before it will be leased out ( while im still living here) or do i need to move out before i can claim tax on these repairs? Any advice is greatly appreciatedyou need to do the work post income producing, then you can just claim the $ to get it to the level that it was.
The dishwasher, if it works you can fix when the tenant is there, the tiles could be tough to claim as an expense. If you speak to a financial advisor to ensure you get all the things done that can assist you (max loan, correct structure, fixture surveyor, 6ry CGT rule, etc..)
good luck,
You must be logged in to reply to this topic. If you don't have an account, you can register here.
