From: Bill Lambert
Forgive me if this has been answered before but I've been through the archive and haven't found what I was looking for.
We have just finalised purchase of our first IP, a 60year old that has had several renovations. New kitchen in 94, repainted in the last year, new carport etc. The QS I'm getting claims that if the property was an investment property before we purchased then the renovations were probably written off as repairs and therefore not claimable.
Is he right?
What if we can't find out? especially if some of the work was two owners ago!
Forgive me if this has been answered before but I've been through the archive and haven't found what I was looking for.
We have just finalised purchase of our first IP, a 60year old that has had several renovations. New kitchen in 94, repainted in the last year, new carport etc. The QS I'm getting claims that if the property was an investment property before we purchased then the renovations were probably written off as repairs and therefore not claimable.
Is he right?
What if we can't find out? especially if some of the work was two owners ago!
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