All Topics / Legal & Accounting / Swimming Pool resurfacing – Tax Treatment

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  • Profile photo of TheBishTheBish
    Participant
    @thebish
    Join Date: 2007
    Post Count: 59
    February 18, 2014 - 8:52 am

    I need to resurface my in ground concrete pool on a rented property. Does anybody know if that is considered a repair or capital cost for the purposes of Australian Tax treatment?

    I've done some research on the ATO website but its still not clear.

    Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856
    February 18, 2014 - 10:14 am

    Resurfacing – wear and tear. It isn't an improvement as it is a like for like replacement.

    Profile photo of BennyBenny
    Moderator
    @benny
    Join Date: 2002
    Post Count: 1,416
    February 18, 2014 - 10:45 pm

    Hi Bish,

      I would think the amount of time you had owned the property would be relevant too.  e.g. If you have rented it out for 10 years, then calling it a repair is probably fine. 

      But if you have just bought in the last 12 months, I wouldn't be too sure of it being classed a repair.

    Benny

    Profile photo of thecrestthecrest
    Participant
    @thecrest
    Join Date: 2004
    Post Count: 992
    February 18, 2014 - 10:51 pm

    So which one is tax deductible ?

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