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True, thanks for correcting me if you were doing most of the works yourself, I am under the assumption that you can also claim all the plant required to do it (provided that the cost of each item is under $600). i.e. sanders, compressors paint brushes / rollers, karchers, saws, laser levels...

Hi Rachels, Can I ask why you are quickly turning it into an IP after you do the reno. If the property was already an IP prior to any work being done, all the works could be claimed as a tax deduction (as it would have been spent on an income producing asset). Any reason why you decided...