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You should all read the ATO's publication "Rental Properties 2002"... it covers a lot of these areas quite clearly. http://www.ato.gov.au/content.asp?doc=/content/Individuals/22711.htm&bn=AS/IN/IN/IN01/A Note that no where in this document does it mention that you cannot claim a deduction...

Re: Re: Signifance of terms And just to make things worse (more confusing) for people... there are accountants out there who disagree with Dale on this one !

Personally I don't see this at all - it has to do with the individual item involved - getting it back to it's "good" condition - regardless of whether it has been bought/sold/whatever and regardless of what price you think you paid for the property. Particularly I am ignoring any concept of...

No PIppety... I don't think are being "too" optimistic - my first example where we upgraded the type fence - is an improvement. My second example - which is close to your situation - may well be acceptable as a "repair" - hence my disclaimer about an accountant disagreeing with my analysis...

The simple way of differentiating between repairs and capital improvements is to ask yourself: Are you going to "make good" the fence, or are you going to "improve" the fence. To make good you would be taking existing material (with some replacement as necessary) and getting back to the...