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Tax on Rental income
Your on your way, if you start to read this sort of stuff AND find it interesting, your heading in the right direction. Congrads Graeme- quoll
- Post #30
- Forum: Accounting and Tax
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Tax on Rental income
NO Repairs are fixing something which is already there which are expenses. Reno / extension is a capital improvement and needs to be depreciated, you are adding something new. Cheers Graeme- quoll
- Post #20
- Forum: Accounting and Tax