Concrete asbestos roof tile restorations

There are a few mobs on the interslice that will apply an epoxy resin to bind deteriorating asbestos tiles, and then paint over the top as an alternative to replacement. This looks like a great option to me... 10 year warranty! I'm waiting for a quote, but does anyone have any experience with this?

e.g. these guys: Asbestos Cement (Fibro) - ReStyle

 

I'd be interested in what your quote comes back as @Bran. I'm currently looking at a potential property with deteriorating asbestos roof.
Please keep us posted!

 

No idea but i'd like to know the cost too.

 

$3500 @Gockie @Taku Ekanayake

This includes some minor repairs and sealing
2x coats epoxy resin
2x coats paint

 

Painting a previously unpainted surface would normally be Capital i.e. 2.5%.
Given the enthusiasm the government has for containing asbestos, I reckon there might be a chance of claiming this immediately - much better to get that $3,500 in one go as opposed to at $87.50 per year. It would probably need a Private Ruling, but this is a very easy thing to do. The key is to write in the ruling application that the work is being undertaken to make safe deteriorating asbestos.

Scott

 

The environmental protection allows for replacement / removal. I don't believe painting asbestos qualifies but may as a repair.. See https://www.ato.gov.au/General/Prop...ed-rental-properties---income-tax-deductions/

 

This is the case. It's flaking and deteriorating

 

Flaking and deteriorating is good - well, good from a tax perspective but not so good if you're in the immediate vicinity. If the property is a new acquisition, claiming the paint job could be seen as 'initial repairs' i.e. not deductible. But the fact that it's asbestos means there might be some wriggle room. That's why a PR might be the go.. This is all just my opinion, of course.

 

?PR?

 

Private ruling from ATO

 

You will need to find out more about what they do to prepare the surface - friable asbestos is a big no no due to loose fibres. Removal of all loose and broken materials will probably be the best route. I feel a heap of variations coming on.

 

How does one get a PR?

 

The crux of the treatment is the 'restoration' or binding of the fibres with the epoxy resin. The resin then makes it able to be painted, that's all. There is a small leak so I think it needs to be done. If I can swing an immediate deduction in the name of safety, it would seem worth pursuing

 

A Private Ruling is very easy to apply for. You download a form, fill it in, and fax it off. Yes, fax. Remember fax machines?
Someone from the ATO then often calls for a chat to clarify things. Then a few weeks later, they send you the PR. it only a applies to the person making the application.
I have done it a few times for clients when they have posed interesting questions. They're not always depreciation related, but I'm often curious. I just write the PR as if it's my issue I want clarified.

 

How do you work out if they're asbestos tiles?

 

It's really obvious on the roof, and common in that era and dwelling type. You really can't miss it. I thought the whole place was until a learned friend knocked on the walls and said, nah, that's MDF. We found a hole and he was right. I took some hooks out of the bathroom walls, and that wasn't MDF.

 

Yeah, I went through one with the B&P guy and he showed the difference, there was some in there. But some was not mdf, not plasterboard. Do you have some internally?
I probably should get someone to look at the roof.