There are 2 new items with ATO information in the Library module providing quick answers to common questions about rental property deductions.
Capital Allowances vs Capital Works 2024
Browse through the long list of assets in Table 3 of the ATO’s 2024 rental property guide to determine if you should claim depreciation or a capital works deduction. For depreciable items you can also see their effective life.
Library/Rental Properties/Capital Allowances vs Capital Works 2024
Repair or Capital 2024
View the ATOs quick reference guide covering repairs, maintenance and capital expenditure on rental properties. See common scenarios, likely treatment and an example of the following –
- Repairs
- Maintenance
- Depreciation
- Second hand depreciating assets
- Improvements
- Initial repairs
Library/Rental Properties/Repair or Capital 2024