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I know my friend was advised differently. I personally had it added as a capital depreciation. I'll ask my mate how he had it set up.

I may be incorrect, but you have to have the property for about 6 months before it is a repair. Otherwise it's a capital improvement. Anyone else heard this? I've done it once. Rented the main house whilst undertaking extensive renovations. Rent went up then tenant didn't want to budge or pay.