All Topics / Help Needed! / Furniture cost goes to IP after living as first home owner?

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  • Profile photo of Tech4uTech4u
    Member
    @tech4u
    Join Date: 2011
    Post Count: 45
    April 20, 2011 - 10:35 am

    Hi there,

    I've been living in my first home buyer apartment. I've bought furniture and so. And now I am planning to make this apartment as Investement property. Can put these furniture costs in the TAX?

    Another question that I've is that I am going to move out within a month. However, since I am renting out furnished apartment there are few missing items that I've to provide and if I make those transaction now, will I be able to put them in to TAX?
     
    Please advise.

    Best,
    Amit

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    April 21, 2011 - 10:21 am

    Amit they would be Depreciable items so YES can be claimed.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Tech4uTech4u
    Member
    @tech4u
    Join Date: 2011
    Post Count: 45
    April 21, 2011 - 10:23 am

    Thank you Richard, much appreciated.

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