Is this considered an IP

[fuister]

so you haven't even settled and you know the tenants are going to do that much wear and tear in a few months that everything needs upgrading? sounds like a tax dodge. ato doesn't like tax dodges.

some will be repairs and some capital works. see an accountant or visit the ato site.

Well yes and no. I dont know if they will cause any damage in the future. But from our inspection they have damaged the carpets which will have to be changed out - I am sure it was not like this before if not they would not have rented it. Since on settlement I will inherit the tenants, that would mean that I would have the right to replace the carpets and claim a deduction is that right?? At least until I move into it as a PPOR. Does this make sense?