Hello all,
I have a question with respect to replacing a clothesline at a rental property and wonder whether this could be considered repairs/maintenance, as opposed to capital works (and therefore, be fully deductible, instead of @ 2.5% per year).
Firstly, I have just acquired the property and my tenants are in the process of moving in.
Secondly, the existing clothesline in the property is in need of replacement (it's rusty and just generally broken). I am intending to replace it with an equivalent clothesline.
The cost for delivery and installation is just under $300.
Any thoughts appreciated
I have a question with respect to replacing a clothesline at a rental property and wonder whether this could be considered repairs/maintenance, as opposed to capital works (and therefore, be fully deductible, instead of @ 2.5% per year).
Firstly, I have just acquired the property and my tenants are in the process of moving in.
Secondly, the existing clothesline in the property is in need of replacement (it's rusty and just generally broken). I am intending to replace it with an equivalent clothesline.
The cost for delivery and installation is just under $300.
Any thoughts appreciated