I did it
Just bought my first IP
To make it more attractive I wish to do the following
general repairs about $500 wear and tear
paint inside and out
install ceiling fan
install built in wardrobe
recarpet and re lino
buy new light fittings
turf front lawn
pave small area in backyard
maybe flyscreen doors
electric safety switch
could someone tell me if any can be completely tax deductable or
what can be depreciated'
Also if there is "life" left in existing carpet can this be depreciated even though i pull it up?
Any suggestions say to wait the 12 month rule?
When should I get a QS in now or after the place is tarted up?
Thanks
Scott
Just bought my first IP
To make it more attractive I wish to do the following
general repairs about $500 wear and tear
paint inside and out
install ceiling fan
install built in wardrobe
recarpet and re lino
buy new light fittings
turf front lawn
pave small area in backyard
maybe flyscreen doors
electric safety switch
could someone tell me if any can be completely tax deductable or
what can be depreciated'
Also if there is "life" left in existing carpet can this be depreciated even though i pull it up?
Any suggestions say to wait the 12 month rule?
When should I get a QS in now or after the place is tarted up?
Thanks
Scott