A question for the QS experts out there.
Client has a newly constructed pergola in the rental prop that is owner occupied 50% and 2 tenants (1BR each) 50%. Taxpayer claims 50% deductions etc.
During 2014 a pergola was constructed.
Q: If this is attached to the house I'm of the view that the 2.5% cap allowance applies from date of completion.
Q : If its is free standing and a element of the yard does the same apply ?? Its not portable if you consider that a factor. Its a fixed structure. And yes the tenants have unlimited rights to use the yard, pool etc.
I ask this as landscape, fencing etc isn't eligible for capital allowance even where its timber etc. What the defining issue with a pergola being part of the building or being a free standing item ?? Is it still a habitable structure and so therefore eligible ?
Client has a newly constructed pergola in the rental prop that is owner occupied 50% and 2 tenants (1BR each) 50%. Taxpayer claims 50% deductions etc.
During 2014 a pergola was constructed.
Q: If this is attached to the house I'm of the view that the 2.5% cap allowance applies from date of completion.
Q : If its is free standing and a element of the yard does the same apply ?? Its not portable if you consider that a factor. Its a fixed structure. And yes the tenants have unlimited rights to use the yard, pool etc.
I ask this as landscape, fencing etc isn't eligible for capital allowance even where its timber etc. What the defining issue with a pergola being part of the building or being a free standing item ?? Is it still a habitable structure and so therefore eligible ?