re kitchen

[Emo21]

HI Guys

Just need to check if i renovate IP kitchen completely while it is being rented can i claim it as a tax deduction or do i need to put it down to capital works and just re organise my depreciation scheduale.

Thanks

Emo

 

[vaughan]

HI Guys

Just need to check if i renovate IP kitchen completely while it is being rented can i claim it as a tax deduction or do i need to put it down to capital works and just re organise my depreciation scheduale.

Thanks

Emo

A renovation is ALWAYS capital works. Repairs may be an immediate deduction.

 

[AXXO]

This ATO publication will explain the difference between repairs v's capital works

Rental properties - claiming repairs and maintenance expenses (NAT 72841)

If you just want the short answer - it's CAPITAL WORKS.

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