I'm nearing the end of a renovation. The property has not been rented before by me, and will hopefully soon be on the rental market. After that date Taxation Ruling 2004/4 citing Steele's case applies, and any costs are allowed deductions. For example, if a rate notice is paid after the IP is on the rental market, that is an allowed deduction. Renovation costs have been paid as they fell due. However, some will be paid after the IP is on the rental market. I cannot find a reference to show if these payments are allowed deductions. Advice on this point would be valued. TIA.