just a quick question. ive recently brought two units and plan on carrying out renovations early next year. currently tennanted, 6month lease (when one expires, renovate, the other will be renewed for a further 6 months, then renovated).
can i claim travel expenses?
would the renovation be classed as a repair?
extract from ato website - what you are not able to claim.
to carry out general maintenance of the property while it is not genuinely available for rent
so that makes me think that it is not deductable. but im also not carring out maintainence. what is their definition of maintainence?
so is anyone able to clear this up for me?
cheers
can i claim travel expenses?
would the renovation be classed as a repair?
extract from ato website - what you are not able to claim.
to carry out general maintenance of the property while it is not genuinely available for rent
so that makes me think that it is not deductable. but im also not carring out maintainence. what is their definition of maintainence?
so is anyone able to clear this up for me?
cheers