PPOR to IP - claiming new A/C and dishwasher

Viewing 6 posts - 1 through 6 (of 6 total)

PaperChaser
Participant
@paperchaser
Join Date: 2009
Post Count: 20
February 22, 2010 - 10:51 pm
Hi, I’ve just moved into my first PPOR which I will live in for 6 months before using it as an IP.
The problem is, it has no A/C or dishwasher. Both of these things I would like to have when the time comes to rent it out.
My issue is, because they are items that I would love to have at the moment as well, if I buy them now, is there a way of getting tax deductions over a number of years for these, or is it a case of if I buy them now I can’t claim, and if I buy them in 6 months time I can?
Thanks in advance
Terryw
Participant
@terryw
Join Date: 2001
Post Count: 16,213
February 23, 2010 - 12:19 am
They would be depreciated over a number of years, but only claimable when the property is available for rent.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email Me
Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
PaperChaser
Participant
@paperchaser
Join Date: 2009
Post Count: 20
February 23, 2010 - 5:47 am
too easy, might go do some shopping.
Thanks
peterpith
Member
@peterpith
Join Date: 2010
Post Count: 22
February 23, 2010 - 6:58 am
Install them now change dates on receipts….ooooopppppssss
god_of_money
Participant
@god_of_money
Join Date: 2008
Post Count: 970
February 23, 2010 - 7:11 am
or write your own receipts and dollars
Terryw
Participant
@terryw
Join Date: 2001
Post Count: 16,213
February 23, 2010 - 7:17 am
creative!
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email Me
Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au