Can I claim flooring replacement in a rental property?
Quick Answer
Flooring replacement may be deductible, depreciable or capital works depending on what was replaced, why it was replaced and the type of flooring. Carpet, tiles, timber flooring and vinyl can each have different treatment.
Flooring is a common area of confusion.
Examples:
Carpet replacement
Vinyl replacement
Timber flooring
Hybrid flooring
Tiles
Polished concrete
Commercial flooring
Common area flooring
Tax treatment depends on:
Whether it is a repair or full replacement
Whether it improves the property
Whether the asset is plant or capital works
Whether the property was rented at the time
Whether it replaces second-hand assets
Whether old flooring is scrapped
Carpet is commonly treated as a Division 40 asset. Tiling and structural flooring may be capital works. Context matters.