Residential property investors can’t claim depreciation on these assets. If you have to cut down some greenery, replant some shrubs or even just mow the grass as part of the general maintenance of your rental investment property… then you can claim these expenses as. It is instead a cost that will be added to the cost base of your.
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Claim under div 40 or 43, or add to cost base for future cgt.
Whilst the costs of landscaping are not immediately deductible, they do however form part of the cost base when you decide to sell your rental property or cease to own the property.
How and when to claim your rental expenses, expenses you can't claim and how to include deductions in your tax return. Here’s what the ato allows you to. Examples are grass, trees, plants and soil. Find out how to claim landscaping as a rental property tax deduction.
If you own an investment, rental or any income producing property in australia, plants purchased as “replacement” for existing plants can be used as a 100% tax deduction in the year of. Rental expenses you can and can't claim as a deduction and whether you can claim immediately or over several years.
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