Hello ATO community,
I had repairs, maintenance, and plumbing services done to my rental property (built in 2015, rented out since 2018) while it was being leased. Some of the items cost over $300, and my accountant treated them as capital works, depreciating them accordingly.
As I explored similar topics in this forum and the reference guide about rental properties on the ATO's website, it seems that all those items over $300 can still be treated as repairs & maintenance, as long as they are not improvements or initial repairs.
In my scenario, all the repair and maintenance works were genuinely aimed at keeping my property in a tenantable condition. Could anyone suggest how to define the following items?
- Replace the toilet seat and flywire on the door due to wear and tear.
- Replace the damaged glass sliding door due to theft.
- Grout and silicon services for the bathroom due to leakage.
- Patch and paint severe cracking on the wall to restore it to its original condition (affected by nearby construction sites and leakage).
Thanks heaps for your time in advance!
1,485 views
2 replies