Hi all, As I understand, the installation of a termite barrier at an investment property can not be deducted against income for the year it is installed. Rather it is considered a capital expense, and can be written off over 40 years using the capital works provisions. How about if the property already had a termite barrier installed (8+ years ago) and you require a top-up and re inspection? My thought process is that this is returning the property to have the same protection it had when the property was purchased. Further to that, would regular pest inspections be an immediate deduction? Appreciate any help! Frosty
Chemical top up would be to remedy a defect arising over time hence deductible. As is a pest treatment. Both fully deductible where it has been a rental.
