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Can I claim a deduction for repairs and maintenance when property is not rented?

For your investment property, the ability to claim a deduction for repairs and maintenance while the property is not rented hinges on specific circumstances:

  • The property must have been rented out right before the need for repairs arose.
  • The damage necessitating repairs must have happened during a period when the property was generating rental income.

It’s essential to understand that if the property is intended for your personal use following the repairs and maintenance, to be eligible for a deduction, the property should have
produced rental income in the same financial year in which the repair costs were incurred. Thus, the timing of the rental period relative to the repairs is a critical factor for tax
deduction eligibility.