Your Investment Property forum is the place for positive industry interaction and welcomes your professional and informed opinion.

Renovating an investment property to live in

Notify me of new replies via email
d8288w | 20 Jul 2015, 07:05 PM Agree 0

My partner and I have leased out a house for about 5 years now, we are looking to move back in to it and freshen up paint carpet etc... Our accountant had indicated that some of these expenses were deductable, however I am wondering how much of the financial year that the house would need to be leased for these expenses to be claimable, I'm worried that we are only 3 weeks in to the financial year and if we evict them too soon then there will be nothing to claim. Can anyone shed some light on this for me??
Post a reply