Posts Tagged ‘Capital Works Deductions’

Rental Properties – Claiming Capital Works Deducations

The types of capital work deductions you can claim and what you need in order to claim them.

What are capital works deductions?
Capital works deductions are the following expenses you pay for which you can claim an income tax deduction:

building construction costs the cost of altering a building
the cost of capital Improvements to the surrounding property.

(You can only claim a deduction for the capital works on residential rental properties you built … Read the full post »