Hey all,
A relative passed away recently leaving me their PPOR. I will use it as an IP although it needs some renovation and repairs. The property won't be transferred to me for several months however I do currently have full access.
If I undertake some of the repairs and renovations prior to the settlement of the estate, will I be able to claim these as deductions/depreciation once the property is tenanted?
thanks,
pd
A relative passed away recently leaving me their PPOR. I will use it as an IP although it needs some renovation and repairs. The property won't be transferred to me for several months however I do currently have full access.
If I undertake some of the repairs and renovations prior to the settlement of the estate, will I be able to claim these as deductions/depreciation once the property is tenanted?
thanks,
pd