| Disclaimer This edited version has been archived due to the length of time since original publication. It should not be regarded as indicative of the ATO's current views. The law may have changed since original publication, and views in the edited version may also be affected by subsequent precedents and new approaches to the application of the law. You cannot rely on this record in your tax affairs. It is not binding and provides you with no protection (including from any underpaid tax, penalty or interest). In addition, this record is not an authority for the purposes of establishing a reasonably arguable position for you to apply to your own circumstances. For more information on the status of edited versions of private advice and reasons we publish them, see PS LA 2008/4. |
Edited version of private advice
Authorisation Number: 1051698810284
Date of advice: 12 June 2020
Ruling
Subject: Rental property deductions
Question
Are you entitled to a deduction for the cost of replacing the roof of your rental property as a repair?
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 23635 on ato.gov.au
This ruling applies for the following period:
Year ending 30 June 2021
The scheme commences on:
1 July 2020
Relevant facts and circumstances
You purchased a rental property a number of years ago.
The property is in your name.
The property has been rented since you purchased it.
When you purchased the rental property the roof was in good condition.
Over the years the roof has deteriorated and it was identified by an engineer that it needed replacing.
The original roof was made of iron and it has been replaced with Colourbond.
Relevant legislative provisions
Income Tax Assessment Act 1997 Section 25-10