Property Landscaping Tax Deductions?
A common question asked by clients!
How do I treat for tax the cost of landscaping to improve the value of a property?
Landscaping is an improvement to the property and therefore not deductible under section 8-1.
OK, what about landscaping being deductible under Div 43 capital works over 40 years?
Or if not claimable as a capital improvement under Div 43, can we add to the cost base of the investment property as improvements and no tax deduction allowed?
Costs involved in landscaping a property are generally seen to