Investment Property Repairs Deductions - What Are Depreciable Assets?

Capital allowance is when you install a brand new appliance, floor or window covering to the home. Driveways and landscaping features like retaining walls, turfs, etc. are also considered capital works. You can claim a decline in value of the appliances or Chateau based on the effective life of the item according to the commissioner's determination. The property must be rented out or genuinely be available to rent and the wear and tear must be related to the rentals. With each type of deductions though, there is something called a depreciable assets. So, for example, Amy owns an investment home and the dishwasher and air conditioner is actually broken and the carport's need replacement.