Rental deductions under renovation

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 · Accepted Answer

Bruce4Tax · Answer

When are capital works deductions deductible? And when can I start claiming expenses relating to the rental property such as strata, utilities etc? From the date the property becomes genuinely available for rent. Can I deduct any of the above expenses whilst it is being renovated, even though nobody will occupy the rental property? No. You will need a property valuation when property is first rented, and that will reset the CGT cost base. ﻿

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