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  1. Paul@PFI

    PPOR Renovations - Tax Deductible?

    No. I didn't say that. I said it wouldn't be deductible. Not now. Not tomorrow. The repairs appear to relate to the period of private occupancy. However where its a capital expense the cost may add to a QS report and then be depreciable.
  2. Paul@PFI

    PPOR Renovations - Tax Deductible?

    Initial repairs are NOT deductible but add to the cost base. The theory is you pay less for the state its in. NONE are repairs. Important to maintain records of your costs so that the QS report can be made after completion that incorporates these costs. That way the improvements can be...
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