If I move out of my ppor and turn it into a rental property, can I claim the usual repair items as expenses as with normal IP's?
What about items such as replacing carpets (which I would have thought would be a depreciable item)?
What restrictions would I have if I return to live in this home? Is there a time frame that it needs to be available for rent? What happens to items that I have begun depreciating when I return?
On that matter, is there any merit in getting a QS report and begin claiming depreciation on other plant within the house.
Thank you for your help.
AndrewS
What about items such as replacing carpets (which I would have thought would be a depreciable item)?
What restrictions would I have if I return to live in this home? Is there a time frame that it needs to be available for rent? What happens to items that I have begun depreciating when I return?
On that matter, is there any merit in getting a QS report and begin claiming depreciation on other plant within the house.
Thank you for your help.
AndrewS