Hi all...just some advice or thoughts please. We have two IPs in the same high rise building down the Gold Coast and we are being made to replace all the windows in the unit. I should say its not just us the whole building windows and balcony doors are being replaced on engineers advice due to corrosion and by their report as being unsafe.
Some are common property and covered by body corp but balcony doors are the owners responsibility.
The expense is significant and i'm trying to establish if this will be a capital improvement or a tax deductible repair....by my thinking it is a repair/replacement and we should be able to claim as a tax deduction.
Any thoughts people
Some are common property and covered by body corp but balcony doors are the owners responsibility.
The expense is significant and i'm trying to establish if this will be a capital improvement or a tax deductible repair....by my thinking it is a repair/replacement and we should be able to claim as a tax deduction.
Any thoughts people