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Edited version of private advice
Authorisation Number: 1051892193486
Date of advice: 2 September 2021
Ruling
Subject: Repair deduction
Question
Are the expenses associated with the restumping of stilts on your rental property a repair and deductible in the 20XX income year?
Answer
Yes.
Based on the information provided to the Commissioner the restumping of the stilts on your rental property is a repair and is an allowable deduction under section 25-10 of the Income Tax Assessment Act 1997 in the 20XX income year.
This ruling applies for the following period:
Year ended 30 June 20XX
The scheme commences on:
2 July 20XX
Relevant facts and circumstances
You have a rental property.
Some of the stilts on the property needed replacing as they were causing cracks in the building and doors would not close.
The stilts were made of wood and were replaced with the same material.
Relevant legislative provisions
Income Tax Assessment Act 1997 Section 25-10