IP Improvement

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

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  1. wayne

    wayne Well-Known Member

    Joined:
    4th Jun, 2016
    Posts:
    73
    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.
     
    wayne, 18th Jul, 2016
    #1
  2. D.T.

    D.T. Specialist Property Manager Business Member

    Joined:
    3rd Jun, 2015
    Posts:
    9,189
    Location:
    Adelaide and Gold Coast
    The keyword there is 'improve' rather than 'repair'
     
    D.T., 18th Jul, 2016
    #2