Private ruling: Rental property deductions
Date of advice: 12 June 2020
Published: June 2020
Ruling period: Year ending 30 June 2021
Date scheme commenced: 1 July 2020

Ruling: Q1: Are you entitled to a deduction for the cost of replacing the roof of your rental property as a repair? | 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 23635 on ato.gov.au

Relevant facts and circumstances: You purchased a rental property a number of years ago. The property is in your name. The property has been rented since you purchased it. When you purchased the rental property the roof was in good condition. Over the years the roof has deteriorated and it was identified by an engineer that it needed replacing. The original roof was made of iron and it has been replaced with Colourbond.

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