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Expenses deductible over several years – borrowing, depreciation, capital works
14 Dec 2017
The following expenses for your rental property may be deducted over a number of income years:
- borrowing expenses (not including interest, which can be deducted immediately)
- depreciation (decline in value of depreciating assets such as carpet, furniture and appliances)
- capital works expenditure.
More information can be found here.