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David1960(Initiate)Initiate
7 Oct 2022

Hi, we occupied our investment property for the 2021/22 financial year. Our Property Manager advertised it, had an inspection & a lease was signed & rental income in advance was received in this tax year. Expenses-leasing fees were incurred so can be entered as deductions. We have a statement from the managing agent.

we have used the “Depreciation & Capital Allowance Tool” but cannot claim anything as we occupied it.

How do you delete these deductions for this return without deleting the whole tool & having to re-enter everything again?



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3 replies
1,238 views
3 replies

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Bruce4Tax(Taxicorn)Taxicorn
9 Oct 2022

Depn is claimed from date available for rent - not for rent in advance.


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Most helpful reply

Bruce4Tax(Taxicorn)Taxicorn
9 Oct 2022

Depn is claimed from date available for rent - not for rent in advance.


David1960(Initiate)Initiate
9 Oct 2022

Thanks Bruce, I understand that I cannot claim this but I can't work out how to set Capital Works & Depreciation to zero. Do I have to delete & then reenter the Rental Property then reenter the whole depreciation schedule for the 2022/23 financial year?

JodieR_ATO(Community Support)Community Support
20 Oct 2022

Hi @David1960,


If the property wasn't rented then the depreciation schedule won't be relevant for the 2022FY. You may need to delete these entries and see if the section will save.


We also have live chat consultants who can assist you when you're completing myTax. You can access live chat from section 3 or 4.

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How do I delete my my Depreciation & Capital Allowance figures? | ATO Community