Thanks for your comment.

You can claim the costs of materials used to install the gutter guard, but not costs of labour if you’ve completed the work yourself.

If you hire a professional to install it, all costs are tax deductible.

Thanks,
The BMT Team.

Thanks for your comment.

As specialist quantity surveyors, we are only qualified to provide information directly related to property depreciation. As your query is regarding taxation advice on CGT, we recommend consulting an accountant or a financial adviser to discuss the benefits and tax implications of your plan.

Both old and new investment properties can attract significant depreciation deductions and in certain circumstances, you may also be eligible to claim the written-down value of assets scrapped in the demolition.

Our team are more than happy to assess the depreciation potential of your investment property before and after the demolition and rebuild.

Please feel free to contact one of our depreciation specialists on 1300 728 726 for further information or Request a Quote.

Thank you,
The BMT Team.

Thanks for your comment.

If you had people come in and remove the carpet for you there will be opportunity to claim this expense though discuss with your accountant if you had yet to derive income. However, the floorboards themselves are not eligible to be depreciated as they’re over forty years old.

You can’t claim the lawn itself as this is considered ‘soft’ landscaping, but you can claim the costs associated with removing and filling the pool in under capital works which will be depreciated over forty years.

Thanks,
The BMT Team.

Thanks for your comment.

Because the insurance covered the cost of the roof replacement you are not eligible to claim under depreciation. However, you can claim the cost of your insurance fees as an expense.

Thanks,
The BMT Team.