All Topics / The Treasure Chest / Can installation cost for item be deducted?

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  • Profile photo of hoarelhoarel
    Participant
    @hoarel
    Join Date: 2003
    Post Count: 39
    August 19, 2003 - 6:21 am

    If an installation cost is specified for an item installed in a rental property, eg an airconditioner. Can the installation cost be reclaimed at tax time or does the cost become part of the cost for depreciation?

    Any info would be great.

    Luke…

    Profile photo of HueyHuey
    Participant
    @huey
    Join Date: 2003
    Post Count: 213
    August 19, 2003 - 8:13 am

    The cost will become part of the cost for depreciation.

    Profile photo of puissancepuissance
    Member
    @puissance
    Join Date: 2003
    Post Count: 72
    August 19, 2003 - 11:38 pm

    depends if the installation costs are part of the building, fixture and fittings or repairs.
    complete claim if it is a repair and deductable under UCA if fixture and fittings; and also if special capital ride off

    Profile photo of truebluetrueblue
    Member
    @trueblue
    Join Date: 2003
    Post Count: 142
    August 20, 2003 - 1:38 am

    Generally, it forms part of the costs of the plant & is depreciated. However, if the total costs is under $300, you can write them off in one hit.

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