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  1. Terry_w

    Repair to IP

    Can u cite anything to support this view Dave? Master Tax Guides refers to it being only deductible in the same income year after the rent ceases. You would think that it would be deductible but claiming an expense with no income would stand out.
  2. Terry_w

    Repair to IP

    That is for you to decide initially. How much is this going to cost and is it worth the bother? See TR 97/23
  3. Terry_w

    Repair to IP

    Once you move out the repair won't be deductible unless in the same financial year. But if you are putting up a better gutter and down pipe it may not be a repair but an improvement. If it is of the same quality and make it would probably be a repair. Your agent not following your...
  4. Terry_w

    Repair to IP

    It is possible that it could go either way - repair or improvement depend on what you do. Why do you think it won't be deductible in July? Or did you want to bring the deduction forward to this financial year?
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