psmedley

psmedley replied to the topic New Investment Property – deductions in the forum Legal & Accounting 4 years, 11 months ago
Hi Benny,
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.
Cheers,
Paul
psmedley started the topic New Investment Property – deductions in the forum Legal & Accounting 4 years, 11 months ago
Hi,
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]
psmedley became a registered member 4 years, 11 months ago

@psmedley