Renovating · Koste Knowledge Base
Can I claim painting as a repair or depreciation?
Quick Answer
Painting may be treated as a repair, maintenance or capital improvement depending on the circumstances. Painting done as part of a major renovation or before the property is first rented may not be immediately deductible.
painting rental propertyrepairsimprovementstax
Written by Koste Team · Koste Chartered Quantity Surveyors · AIQS Member · RICS Member · TPB Registered · 1300 669 400 · info@koste.ai