So I have a tenant for a 1 year lease who is going in move in in 2 weeks.
1970's house, want to sink minimum for improvements into it as may demolish in 10 years, is a duplex so may not add too much to rent value.
Have just bought the house and there are a few problems which I am not sure whether to fix and about their deductability.
1. Leaking shower causing bubbling of next door wall paint - will fix this one.
2. Paint on the bathroom roof is super peely because there wasn't an exhause until recently.
3. Backdoor just has a lock with no key given at settlement. Should be able to ask for this yes? Its been about 3 weeks I didnt think to ask til now oops. If not, the security door does lock with a key, do i need to install a lock on the door?
None of these will be able to be deducteed as initial repairs right?
Will i be able to count them as capital works and depreciate at 2.5%?
1970's house, want to sink minimum for improvements into it as may demolish in 10 years, is a duplex so may not add too much to rent value.
Have just bought the house and there are a few problems which I am not sure whether to fix and about their deductability.
1. Leaking shower causing bubbling of next door wall paint - will fix this one.
2. Paint on the bathroom roof is super peely because there wasn't an exhause until recently.
3. Backdoor just has a lock with no key given at settlement. Should be able to ask for this yes? Its been about 3 weeks I didnt think to ask til now oops. If not, the security door does lock with a key, do i need to install a lock on the door?
None of these will be able to be deducteed as initial repairs right?
Will i be able to count them as capital works and depreciate at 2.5%?