Ensuring Continuity of Rental Property Expense Claims
If your rental property is untenanted and you're taking the opportunity to do some repairs and maintenance do ensure the property remains available to rent during this period. Perhaps have a sign up and/or keep advertising alive. This helps ensure you can continue to claim expenses during the untenanted period.
If buying a rental property ensure it's available for rent before launching into any repairs and maintenance (rather than the other way around). Also please check with us if doing any major renovations / repairs / upgrades so we can advise what will be claimable expenses and capital improvements. This is quite a grey area these days and needs attention on a case by case basis.
Posted 16/09/2013
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