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IP Improvement

Discussion in 'Renovation & Home Improvement' started by wayne, 18th Jul, 2016.

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  1. wayne

    wayne Active Member

    Joined:
    4th Jun, 2016
    Posts:
    35
    Location:
    ACT
    Hi, If I improve a carport to a closed in garage, will (ATO) it be seen as a depreciatable cost or a capital improvement.
     
  2. D.T.

    D.T. Adelaide Property Manager Business Member

    Joined:
    13th Jun, 2015
    Posts:
    5,583
    Location:
    Adelaide, SA
    The keyword there is 'improve' rather than 'repair'