Australian Money Forum

[chick_46]

Hi,

I own an investment property, but will be living there for the next 6 months so i can fulfil the requirements of the FHOG. The apartment could use some aesthetic improvement such as repairing/replacing the dodgy old carpet. My question is, is it tax deductable or even depreciable if I fix it while i am living there? Or should i delay it until i move out?

Thanks in advance!

[FletcherTax]

Whilst the property is considered your main residence - no deduction or depreciation is available for any repairs or maintenance you carry out as it considered private in nature.