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anonymous99(Newbie)Newbie
25 Sept 2024

A client of ours has a rental property. Their body corp wanted to raise funds for a new driveway, so they offered a common car park lease ($10k for 50-year use). Client has paid for the lease. Is the lease tax deductible for the rental property?



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Bruce4Tax(Taxicorn)Taxicorn
26 Sept 2024

Yes, unless anyone else can tell us why is would not be.


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Can you claim tax deduction for rental property 'lease of common property' as a deductible expense? | ATO Community