Reload original page
 |
|
|
Repairskenzel [50 Posts] Hi All, Anyone out of the rat race yet? :) Anyhoo, I got a simple question base on the following points: If one were to repair the broken lock just before the tennant moves in and after I vacate the premise (say between the 12th and 13th month), would one be able to claim a tax deduction on that? I'm sure all landlords have experienced this in one way or another :) Any feedback welcome Tools [320 Posts] If it was me I would be repairing the lock now to secure my premises, and so I wouldn't be forking out for the insurance excess when someone just waltzes in and pinches my gear. I am not an accountant but I would suggect that it would not be a deductible expense until the property has been rented out. Tools   Terryw [6654 Posts]  How much is a new lock? $200 maybe? Why wait - you may only be saving $40 in potential tax. Terryw |
User loginIn The NewsRBA Rate Drops Rate The RBA has just announced a 100 basis point drop to its benchmark cash target rate. Developers Expectant The Federal Government's $1.5 billion first-home package has stimulated the development market. RBA Rate Cut RBA delivers investors an early xmas present by cutting its benchmark by 75 basis points to 5.25% Today's TipYou should never pay more than 30 cents in the dollar in income tax <more> Active forum topicsBreaking a fixed interest contract Author: marie07 Where is the bottom Author: wealth4life.com Who's OnlineTake The Test
|
|