Private ruling: Rental property repairs
Date of advice: 30 April 2024
Published: 11 June 2024
Ruling period: Year ended 30 June 20XX
Date scheme commenced: 20XX

Ruling: Q1: Is the payment made for roof repair a deductible repair expense under section 25-10 of the Income Tax Assessment Act 1997 (ITAA 1997)? | A1: Yes. The works undertaken are repairs as per Taxation Ruling TR 97/23 and are immediately deductible. Further information about repairs can be found by searching 'QC 23635' on ato.gov.au.

Relevant facts and circumstances: You are the sole owner of a rental property. The property has continually been a rental property, rented at market rates. The roof of the property developed a leak and it was recommended that the roof be replaced. The work consisted of removal and disposal of existing roof sheeting and fasteners, supply and installation of new roofing, gable, flashing and sealant. You have not lodged or intend to lodge an insurance claim in relation to these repairs.

Relevant legislative provisions: Income Tax Assessment Act 1997 section 8-1 | Income Tax Assessment Act 1997 section 25-10