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  1. Bargain Hunter

    Tax deduction for Repairs/ inspections of a purchased IP

    Ok, I stand corrected and I'll never do it again
  2. Bargain Hunter

    Tax deduction for Repairs/ inspections of a purchased IP

    Repairs prior to letting will be a capital expense. Repairs after letting are deductible in the financial year they occur. If you purchase new appliances as part of the repairs these will generally fall within capital cost and are depreciable assets. Reports fall within the acquisition...
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