New Smoke alarm system + install

Discussion in 'Accounting & Tax' started by The Gambler, 26th Sep, 2019.

Join Australia's most dynamic and respected property investment community
Tags:
  1. The Gambler

    The Gambler Well-Known Member

    Joined:
    17th Jan, 2017
    Posts:
    298
    Location:
    The Sunshine State
    I have to put new smoke alarm systems in my IPs (before 2021?). I'm just wondering if I can claim the full amount of the cost and installation as a deduction or is it something I'll have to claim over a certain amount of years?

    Thanks.
     
    The Gambler, 26th Sep, 2019
    #1
  2. BMT Tax Depreciation

    BMT Tax Depreciation Chris Business Member

    Joined:
    22nd Jun, 2015
    Posts:
    370
    Location:
    Australia
    Smoke alarms will usually cost under $300 each and therefore can be written off immediately.
     
    BMT Tax Depreciation, 27th Sep, 2019
    #2
    The Gambler likes this.