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Can improvement be expensed if they are done specifically for an increased rental?

Posted 6 August 2014

I own an investment property. The rental agent has advised me that in I can increase my monthly rental markedly by doing various improvements. Can this be construed then as expenses in the production of income, or must the improvements be capitalized? Ideally I would want to expense at least a portion of the improvements.

TaxTim TaxTim says:
7 August 2014 at 10:08

No, all improvements are capitalised and cannot be expenses for tax purposes. Only repairs and maintenance can be expensed.

Richard says:
7 August 2014 at 10:41

Thanks!

TaxTim TaxTim says:
7 August 2014 at 10:58

Only a pleasure!

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