Schweinhund
Registered User
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- 2
Hi,
In the first year of renting out my former home, I had to buy a replacement kettle and toaster.
I am now putting together my first tax return and am just wondering if I can treat this purchase as an expense or are they considered depreciable assets and subject to 12.5% wear and tear over 8 years?
Thanks.
In the first year of renting out my former home, I had to buy a replacement kettle and toaster.
I am now putting together my first tax return and am just wondering if I can treat this purchase as an expense or are they considered depreciable assets and subject to 12.5% wear and tear over 8 years?
Thanks.