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Hi
While doing a sub division and new build in a rental property, if some cost is incurred in the exiting rental property is it considered as the development cost of the new build or repairs and maintenance of the exiting rental. For instance the existing access to the current rental is blocking the proposed drive way for the new build. So we need to remove that and provide alternate access to the existing rental. We are not talking huge cost max about 4K.
Any views and past experience?
While doing a sub division and new build in a rental property, if some cost is incurred in the exiting rental property is it considered as the development cost of the new build or repairs and maintenance of the exiting rental. For instance the existing access to the current rental is blocking the proposed drive way for the new build. So we need to remove that and provide alternate access to the existing rental. We are not talking huge cost max about 4K.
Any views and past experience?