Hi all, Is a termite barrier able to have an immediate deduction for an investment property? I understand that it isn't a 'repair' as such, but it is a form of maintenance to ensure the property remains in the state it is in. Any insight would be appreciated Thanks
Adding a termite barrier is usually a capital expense. It is more than mere maintenance. Previously there was no barrier, so the function is now improved by the property being more termite resistant - not a repair. It is a once-off expense for a lasting benefit - a capital outgoing. It will usually form part of the building construction cost that may be written off over 40 years using the capital works provisions (your area of capital works).