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Repairs and the rental property

Income & deductions

$120.00 +GST

Audience

This event is recommended for accountants working in public practice 

Audience

Learning outcomes

Upon completion of this event, you will be able to: 

  1. Identify an initial repair and understand when a deduction for it is denied 
  2. Distinguish between repairs and capital works 
  3.  Determine the deductibility of repairs undertaken between periods of tenancy 
  4.  Explain when a repair incurred after a period of tenancy is deductible 
Learning outcomes

Relevancy

This event was presented live on 14 February 2024. 

Relevancy

CPD hours

This training provides 1 hours accredited by the SMSF Association. The Legislated CPD Hours breakdown for financial advisers is as follows: 

  • Tax (financial) advice: 1 CPD hours 
CPD hours

An ATO review of income tax returns show 9 in 10 rental property owners are getting their return wrong. With repairs and maintenance listed as one of the top 10 common mistakes made, you want to ensure you are getting it right for your clients. 

This session will cover these relevant considerations, via a practical case study, focusing on: 

  • Initial repairs 
  • Repairs while a property tenanted – repairs v capital works 
  • Repairs undertaken between periods of tenancy – available for rent 
  • Repairs after income production has ceased 
    • when property is used personally or 
    • when repairs made prior to sale 
    • impact on cost base if holding cost denied under vacant land rules

Registration to this event includes: 

  • 1 hour online event
  • Learning guide, slides and case studies  
  • Recording and materials available to access for 3 months after purchasing the event  
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Presented by

Lee-Ann Hayes
Head of Education (Tax)
Accurium
Terms and Conditions
Each education service purchase is for your use only and accessible through your individual account. Each live online education service will be provided with a unique session ID to join which cannot be disclosed, forwarded, or distributed to any other individual without Accurium’s written consent. No other individual will be authorised to access your education service unless that individual has purchased the education service and a unique session ID has been provided to that individual. In the event of unauthorised access due to the actions of the intended recipient, Accurium may suspend or cancel the access for the intended recipient any additional individual(s) may be held liable for additional fees associated with the unauthorised access to an education service. Accurium reserves the right to charge any unauthorised individual(s) who access your education service. In the unlikely situation that a live education service is cancelled we will refund you the full cost of your purchase. If a live service is postponed, we will provide written notification to you and reschedule the education service. Your original ticket will be valid for the rescheduled date. We will also provide the recording and associated materials if you are unable to attend the education service live at the new date/time. If you are unable to attend the education service live at the new date/time, you may request a refund of the moneys paid by contacting Accurium directly, with all requests to be considered on a case by case basis by Accurium in its absolute discretion. The Accurium – General Terms and Conditions can be accessed here.
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