Hi folks,
I have a IP here in wgton and the tenants are moving out on the 9th nov,have just managed to get a 3 year lease with a Embassy but I need to recarpet 3 bedrooms and paint them which is going to cost about $5000,
As I only have a small mortage on the property could I just add that to existing mortage and claim it as interest or just depreciation.
Regards Paul.
I have a IP here in wgton and the tenants are moving out on the 9th nov,have just managed to get a 3 year lease with a Embassy but I need to recarpet 3 bedrooms and paint them which is going to cost about $5000,
As I only have a small mortage on the property could I just add that to existing mortage and claim it as interest or just depreciation.
Regards Paul.
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