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Edited version of private advice
Authorisation Number: 1051666539234
Date of advice: 01 May 2020
Ruling
Subject: Rental deductions
Question
Are you entitled to a deduction for the cost of repairs to your rental property?
Answer
Yes. Your XX% share of the expenses meet the requirements in Taxation Ruling TR 97/23 and are deductible.
Further information about repairs can be found by searching 'QC 23635' on ato.gov.au
This ruling applies for the following period:
Year ending 30 June 20XX
The scheme commences on:
1 July 20XX
Relevant facts and circumstances
You purchased a XX% share in a property (the property).
Your property has been rented or available for rent at all times since you purchased it.
You received a report stating that repairs were required.
You received a quote for works to the property to complete the necessary repairs.
The works will be carried out.
Relevant legislative provisions
Income Tax Assessment Act 1997 section 25-10