I have purchased an investment property last FY for short term rentals through a property manager. To get the property ready for short term rentals, there was a significant investment in supplies cost less than $300. These include items like coffee pods, dishwashing liquid, etc, detergent, cutlery, bathroom consumables, etc. I have receipts for everythinsg. Can I claim these deductions in my tax?
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To be able to claim any expenses the property must be rented or genuinely available for rent.
As you were in the stage of preparing the property to be available for rent you can not claim any deductions that you incurred during that period.
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