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Edited version of private advice
Authorisation Number: 1051643851884
Date of advice: 16 March 2020
Ruling
Subject: Rental property deductions
Question
Are your expenses on the part deductible as repairs?
Answer
Yes. Your expenses meet the requirements in Taxation Ruling TR 97/23 and are deductible. Further information about repairs can be found by searching 'QC 55249' on ato.gov.au
This ruling applies for the following period:
Year ended 30 June 2019
The scheme commences on:
1 July 2018
Relevant facts and circumstances
You own a private rental property.
It has been used to generate rental income for over X years.
The previous tenants damaged part of a building.
You needed to replace the part.
You personally paid for the replacement.
Relevant legislative provisions
Income Tax Assessment 1997 section 25-10