Private ruling: Rental - deductions vs capital works
Date of advice: 22 August 2018
Published: October 2018
Ruling period: Year ending 30 June 2018
Date scheme commenced: 1 July 2017

Ruling: Q1: Are you entitled to a deduction for the expenses you incurred for your rental property? | A1: Yes. It is accepted these expenses meet the requirements in Taxation Ruling TR 97/23 and are therefore deductible as repairs.

Relevant facts and circumstances: You have an investment property The property has been privately rented.

Relevant legislative provisions: Income Tax Assessment Act 1997 Section 25-10