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Edited version of your written advice
Authorisation Number: 5010054146244
Date of advice: 22 October 2018
Ruling
Subject: Rental deductions
Question
Do the rendering works constitute 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 55249' on ato.gov.au
Question
Do the electrical works constitute 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 55249' on ato.gov.au
This ruling applies for the following period:
Year ending 30 June 20XX
The scheme commences on:
I July 20XX
Relevant facts and circumstances
You acquired a 50% share in a property (the property).
You acquired a further 50% share in the property.
You have returned rental income since acquiring this property.
You received a building inspection report.
You received quotes for works to the property consistent with the building inspection report.
The works were carried out.
Relevant legislative provisions
Income Tax Assessment Act 1997 section 25-10
Income Tax Assessment Act 1997 Division 43