Private ruling: Rental deductions
Date of advice: 22 October 2018
Published: December 2018
Ruling period: Year ending 30 June 20XX
Date scheme commenced: I July 20XX

Ruling: Q1: Do the rendering works constitute 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 55249' on ato.gov.au | Q2: Do the electrical works constitute a repair? | A2: 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 acquired a 50% share in a property (the property). You acquired a further 50% share in the property. You have returned rental income since acquiring this property. You received a building inspection report. You received quotes for works to the property consistent with the building inspection report. The works were carried out.

Relevant legislative provisions: Income Tax Assessment Act 1997 section 25-10 | Income Tax Assessment Act 1997 Division 43