Hi All,
I'm moving into one of my investment properties early next year and wondering if the following works can be completed while I've still got tenants so I'm able to use them as a tax deduction as a repair rather than capital improvement. The following items need attention;
- Side pailing fence
- Roof mortar repointing/few tiles to be replaced also (leaking issues?)
- Circuit Board upgrade
I've also got some larger reno works including the kitchen, both bathrooms, floor coverings etc etc which are obviously capital impovements and will be carried out after I move in. Any advice would be greatly appreciated. Thanks in advance.
Dan
I'm moving into one of my investment properties early next year and wondering if the following works can be completed while I've still got tenants so I'm able to use them as a tax deduction as a repair rather than capital improvement. The following items need attention;
- Side pailing fence
- Roof mortar repointing/few tiles to be replaced also (leaking issues?)
- Circuit Board upgrade
I've also got some larger reno works including the kitchen, both bathrooms, floor coverings etc etc which are obviously capital impovements and will be carried out after I move in. Any advice would be greatly appreciated. Thanks in advance.
Dan
