My reading agrees with your assessment – I’m just hoping we’re both wrong :)
As you say, worst case there’s ~$3k to offset the capital gain when we eventually sell.
We just bought an existing property as an Investment Property. We’re doing a few improvements to maximise the rental potential of the property.
The ATO guide is pretty clear on most things in terms of things that can be claimed, one query though regarding painting the property.
I see generally, this is considered as a repair, as the theory…[Read more]