Hi,
I am the sole owner of an investment property. It is only for investment purposes and I do not have any private purpose activity at all. The tenant recently moved out and I am using this as an opportunity to paint some parts inside. All i am doing is patching up cracks, painting walls and celling's to bring it back to its original state where it needs to be done. This has been over a 2 week period.
I have been working with a property manager to workout when we start to officially put some professional photos online and advertise it properly.
The tenant left it in a really dirty state so I am trying to coordinate a professional clean, rubbish removal, carpet clean ect so i can get a tenant in as soon as possible. It has been available for rent while doing the works. The cleaning and rubbish removal i am claiming out of a bond but its taking time for me to arrange this and timing of the works. With winter its been harder.
My question is can I claim the cost of the internal painting as repairs an maintenance (full deduction in the year incurred) or is this capital in nature? I will probably officially advertise online when the paint work is nearly finished or finished.
295 views
1 replies