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Replacing Insulation

Discussion in 'Accounting & Tax' started by Frosty123, 7th Apr, 2016.

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  1. Frosty123

    Frosty123 Well-Known Member

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    Hi all,

    Is it fair enough to replace insulation in a property after 3 years of being leased out?
    Not sure what is considered an acceptable time before you could consider claiming such a deduction.

    Thanks :)
     
  2. Scott No Mates

    Scott No Mates Well-Known Member

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    Have the tenants wirn it out?
     
  3. Frosty123

    Frosty123 Well-Known Member

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    Well...no
    I was thinking more degrading over time
     
  4. Propertunity

    Propertunity Exclusive Real Estate Buyers Agent Business Member

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    If it's fibreglass batts, they have a projected lifespan of 50+ years.
     
  5. dabbler

    dabbler Well-Known Member

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    Like others, if it is normal insulation, like roof insulation, why would it be replaced.
     
  6. Paul@PFI

    Paul@PFI Tax Accounting + SMSF Business Member

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    Its often more harmful to remove insulation. Airborne particles like lead accumulate on it. Especially around airports and major roadways. Fibreglass doesnt degrade. It is glass.

    Its non-deductible and considered capital works so a 40 year write-off.
     
    BMT Tax Depreciation likes this.
  7. lisawithane

    lisawithane Well-Known Member

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    Insulation doesn't need to be replaced very frequently unless there has been damage in the property that has subsequently damaged the insulation eg a leaky roof has wet the ceiling insulation. After 3 years I doubt the insulation would be worn out.
     
  8. Paul@PFI

    Paul@PFI Tax Accounting + SMSF Business Member

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    You can buy containers of second hand insulation. Probably a pain to work with and slow to install has to be weighed up v's savings. Like bricks is it worth trying to use them ?