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Edited version of your written advice
Authorisation Number: 1051419496964
Date of advice: 22 August 2018
Ruling
Subject: Rental - deductions vs capital works
Question
Are you entitled to a deduction for the expenses you incurred for your rental property?
Answer
Yes. It is accepted these expenses meet the requirements in Taxation Ruling TR 97/23 and are therefore deductible as repairs.
This ruling applies for the following period:
Year ending 30 June 2018
The scheme commences on:
1 July 2017
Relevant facts and circumstances
You have an investment property
The property has been privately rented.
Relevant legislative provisions
Income Tax Assessment Act 1997 Section 25-10