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Hey it was worth a try:p Right off to find Julia's book, sounds like it is the right thing for us, esp if it is without the accountant speak!! Constructivity thank you for that info, I'm with MFG what is the $$ cut off point? Another question. Hubby brought home the tax info sheet for rental...

Yep definitely confused!!! I thought you could claim the cost of buying it as well as the depreciation?

We are about to settle on our first IP. It is pretty much right to rent it out straight away, however we have since found out that the dishwasher is broken and is only fit for the rubbish bin. How soon after the purchase can we buy a dishwasher and claim the cost on tax? I have been told 3...