Hi.
I bought and rented out an investment unit in 2013. It is in a [Removed by moderator]-unit block, built in the early 1900's.
In 2017 our Strata Committee commissioned a building report which showed that around 12 windows needed their lintels replacing.
After a lot of stalling, in 21/22 year, normal levies were substantially increased for that year, to cover the future work.
The work was finally carried out and completed at the end of 2024.
I (of course), feel it is just a repair and the levies can be claimed in full. There were no improvements or alterations to the building.
The ATO is thinking this is Capital Works, and therefore claimable only at the 2.5% rate.
Thoughts? Thanks.
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