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  1. D

    Repair v capital improvement

    Possibly borderline, but worth pursuing - much better to claim that $20K immediately as opposed to claiming it at the rate of 2.5% over 40 years. A $20K repair claim on your tax return could raise questions from the ATO. Time for a Private Ruling, I reckon. It's easy. You download the form...
  2. D

    Repair v capital improvement

    Depends largely on how long you have owned the apartments for. If the corrosion was present when you bought, replacing the doors will be an improvement. If you have owned the apartments for a fair while, an been renting them out, the damage could have occurred during that period and you might be...
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