Clarification on claiming deduction for replacement of invest. property retaining wall

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 · Accepted Answer

GabbyATO · Answer

If you replace the entire retaining wall thats only partially damaged then the entire wall would be claimed as capital works. The guide on repairs, maintenance and capital works for rental properties (https://www.ato.gov.au/uploadedFiles/Content/IND/Downloads/TaxTimeToolkit_Rental-repairs.pdf) goes through some examples of this.

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