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If the fence was already damaged when you bought the property, repairs are likely going to need to be added to the cost base of the property - check with your accountant! You can never claim replacing the whole fence as a repair - that will always be considered an improvement and must be...

The ATO does not specify exactly when you can start claiming repairs - as previously mentioned, if you can justify the repairs as fixing up normal wear-and-tear which primarily occurred after the property settled, then you can claim them and don't have to depreciate them as improvements...