Private ruling: Rental property deductions
Date of advice: 16 March 2020
Published: April 2020
Ruling period: Year ended 30 June 2019
Date scheme commenced: 1 July 2018

Ruling: Q1: Are your expenses on the part deductible as repairs? | A1: 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

Relevant facts and circumstances: You own a private rental property. It has been used to generate rental income for over X years. The previous tenants damaged part of a building. You needed to replace the part. You personally paid for the replacement.

Relevant legislative provisions: Income Tax Assessment 1997 section 25-10