Concrete asbestos roof tile restorations

Discussion in 'Repairs & Maintenance' started by Bran, 13th Mar, 2016.

Join Australia's most dynamic and respected property investment community
Tags:
Page 3 of 3
  1. Azazel

    Azazel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    8,091
    Location:
    Brisbane
    Azazel, 2nd May, 2016
    #41
  2. Depreciator

    Depreciator Well-Known Member

    Joined:
    15th Jun, 2015
    Posts:
    1,963
    Location:
    Sydney
    Were they renting out the property before the asbestos was dealt with?
     
    Depreciator, 3rd May, 2016
    #42
  3. Azazel

    Azazel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    8,091
    Location:
    Brisbane
    Yeah, it was tenanted and they did the works after their lease ended and they moved out.
     
    Azazel, 3rd May, 2016
    #43
  4. Azazel

    Azazel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    8,091
    Location:
    Brisbane
    I've seen wording to the effect of "must be available for rent", does it need to be rented afterwards or just "available"?
     
    Azazel, 4th May, 2016
    #44
  5. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

    Joined:
    18th Jun, 2015
    Posts:
    23,555
    Location:
    Sydney
    Asbestos deterioration doesnt occur on a Thursday. Its a slow and gradual deterioration. Unless someone is fixing a patch or two (hail or a foot ?) then its going to be capital expenditure whether initial repair or not.

    The environmental protection deduction to replace it should be weighed up v's temporary measures which delay that. Note that if you plan a future demo and the roof is not replaced then expect that demo costs to be vastly higher
     
    Paul@PAS, 5th May, 2016
    #45
  6. Azazel

    Azazel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    8,091
    Location:
    Brisbane
    Thanks @Paul@PFI
    The example I'm talking about was inside, like asbestos sheeting in kitchen/bathroom all removed and replaced with gyprock.
     
    Azazel, 5th May, 2016
    #46
Page 3 of 3