Just wondering what the tax office's stand on buying equipment for property renovations and depreciating it. I recently just did a full reno so had to buy electric tiler/saws etc as this is all equipment to be used again with my other properties can i claim it? Any help would be greatly appreciated
Tony Fleming | Triumphant Property Group
http://www.triumphantpropertygroup.com.au
Email MeNSW Buyer's Agent specialising in Western Sydney-Blue Mountains-Orange-Albury
You could possibly claim it or part of it to the extent that it was used for income producing purposes.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
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