We are to move from our PPOR soon to a new home. Our PPOR will then become a rental property. We have 2 issues that I would like some feedback on:
1. Our PPOR is on a very steep block which we have negotiated via 2 street entrances. If we improve/repair seal the driveway can we claim this as a repair for taxation purposes? It really needs to be done from a safety point of view.Can we do this prior to tenants moving in?
2. In a similar vein, our PPOR has a timber deck in need of urgent repair due to extensive damage from borers/weather etc and it too has become a safety issue. Can we claim this as a repair or will the tax dept regard this as an improvement and disallow it?
1. Our PPOR is on a very steep block which we have negotiated via 2 street entrances. If we improve/repair seal the driveway can we claim this as a repair for taxation purposes? It really needs to be done from a safety point of view.Can we do this prior to tenants moving in?
2. In a similar vein, our PPOR has a timber deck in need of urgent repair due to extensive damage from borers/weather etc and it too has become a safety issue. Can we claim this as a repair or will the tax dept regard this as an improvement and disallow it?