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Installing Aircon

Discussion in 'Repairs & Maintenance' started by b7277, 20th Oct, 2015.

  1. b7277

    b7277 Active Member

    Joined:
    1st Sep, 2015
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    Location:
    Sydney
    I am planning to move out of my current property and convert it into an investment property. Before renting i wanted to install Aircon. Do i install it before converting it into an investment property

    or

    Do i wait for tenants to move in and then install the AC. In this scenario can i claim this under maintanence

    Look forward to your help. What is the suggested approach
     
  2. Scott No Mates

    Scott No Mates Well-Known Member

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    18th Jun, 2015
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    Location:
    Sydney or NSW or Australia
    It is capital works regardless.
     
  3. D.T.

    D.T. Adelaide Property Manager Business Member

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    Location:
    Adelaide, SA
    Makes nil difference. Cost gets depreciated over a number of years.
     
  4. Greyghost

    Greyghost Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    1,262
    Location:
    Melbourne
    Of course it makes a difference.
    The asset begins to depreciate from the moment it's installed and ready for use.

    The period for which it is still your home until it is avaliable to rent will not be deductible, even though the depreciation clock is ticking. So you effectively loose that claim..

    The property does not have to be rented, but it does have to be avaliable for rent, so I would instal it as soon as you lost it with the agent..