Rental Income - Current vs Capital
I have a question whether any of the following expenses can be claimed as current?
We have purchased a town home last year as a rental unit and
- Have to replace the old stained and unrepeatable carpet on the top floor + stairs with basic laminate flooring. Same cost as if we would to put a new carpet - so I do not consider it as an improvement. Material only as I installed it myself. ~ $2.3K
- Outside AC unit (12 years old) and responsibility of each owner (not strata) has appeared to be broken and we figured that out after we got the possession. Repair man said it has to be replaced as it leaved it's life. We put a new one absolutely the same performance and size. ~$3.9K
- Replaced 2 broken faucets with similar models. ~ $370
Tenant moved ir right after the repairs have been completed.
If all or any of the above are capital and if yes - what class # are they?
Thanks a lot!
We have purchased a town home last year as a rental unit and
- Have to replace the old stained and unrepeatable carpet on the top floor + stairs with basic laminate flooring. Same cost as if we would to put a new carpet - so I do not consider it as an improvement. Material only as I installed it myself. ~ $2.3K
- Outside AC unit (12 years old) and responsibility of each owner (not strata) has appeared to be broken and we figured that out after we got the possession. Repair man said it has to be replaced as it leaved it's life. We put a new one absolutely the same performance and size. ~$3.9K
- Replaced 2 broken faucets with similar models. ~ $370
Tenant moved ir right after the repairs have been completed.
If all or any of the above are capital and if yes - what class # are they?
Thanks a lot!