Hi
Firstly - I'm trying to learn as much of this as i can myself , so forgive me if this is something that i should be asking my accountant......
On my investment unit which is currently rented out, there was an extra Maintenance Levy imposed to cover replacement of old damaged windows and and replacement of the older Hot Water system. This Levy amounted to $3750 and was paid this financial year
My question - Can i add this amount of $3750 to the expenses of the rental unit -
or is it treated differently due to the nature of the work done ( window replacement and hot water system replacement )
Appreciate any help /comments
Thanks
Patrick
Firstly - I'm trying to learn as much of this as i can myself , so forgive me if this is something that i should be asking my accountant......
On my investment unit which is currently rented out, there was an extra Maintenance Levy imposed to cover replacement of old damaged windows and and replacement of the older Hot Water system. This Levy amounted to $3750 and was paid this financial year
My question - Can i add this amount of $3750 to the expenses of the rental unit -
or is it treated differently due to the nature of the work done ( window replacement and hot water system replacement )
Appreciate any help /comments
Thanks
Patrick