Announcements
Curious about the JobMaker Hiring Credit? Have a read about who is eligible and how to register.

ATO Community

Re: Repairs and maintenance during tenancy before ending tenancy

Newbie

Views 38

Replies 1

Hello,

 

My question relates to the purchase of a property which has tenants. We will have tenants occupying the property at settlement and will then give them notice so we can move in as use the property as our primary place of residence (so probably occupy property within 60-90 days of settlement)

 

If we do any maintenance or repairs during the tenancy can we claim this as a deduction? Our accountant mentioned something about not within 12 months of purchase but I cannot find anything like that when searching. He may be referring to capital works perhaps?

 

Thanks

1 ACCEPTED SOLUTION

Accepted Solutions

Most helpful response

Taxicorn

Replies 0

@Everlasting 

 

Can not claim any existing repairs or maintenance as this was taken into consideration with the purchase price.

If the tenants damage the property aftr you own it then this can be claimed.

 

1 REPLY 1

Most helpful response

Taxicorn

Replies 0

@Everlasting 

 

Can not claim any existing repairs or maintenance as this was taken into consideration with the purchase price.

If the tenants damage the property aftr you own it then this can be claimed.