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Thanks guys - you have supported my kind of thinking. Everything I will doing is pretty much an improvement so I thought I would be able to depreciate. Much easier to get everything done whilst the place is empty.......and less stressful. Inconveniencing tenants (and property managers!) is...

Hi there I have just purchased an IP in Brisbane which is about to settle. It is currently owner occupied. It needs some cosmetic renovations - paint, carpet, aircon, blinds etc (or at least I would like to make some!). Anyway I have been advised that I should renovate after I have...