WA Can the council make me pay for power infrastructure upgrade

I haven't received that yet so perhaps the agent hasn't communicated with us about the letter or that it might be a different phases or not applied to our area ?
Will let you know if that changes.

 

The Vic council website has that maps of the zones being covered there are 3 in total...I think there is a link earlier in the thread.

 

If a rental can you debt recycle this and use your loan to pay the $4000?

 

Is there are reason why the entire $4,000 cannot be claimed as a tax deduction in the one year if paid upfront? I presume it can because the investor has no choice on the matter (like land tax).

 

Does anyone know for sure if the "service charge" as imposed by the council for underground power is definitely deductible - either as an expense or depreciated as capital works? Or not at all?

This old ATO ruling seems to indicate that it ISN'T deductible as capital works because you don't own the cables and most of it isn't on your land. https://www.ato.gov.au/law/view/document?docid=AID/AID2003879/00001

The good news is that City of Vic Park is allowing interest free 7 year installments to pay for it.

 

Happened to me and the surge blew my ac units. Since they were about 4-5 years old I only got a smidge back from insurance after excess. I'm quite sure they had quite a bit more life in them than what insurance deemed was their asset life.