Multiple Choice
Paul Jones owns a rental property and incurred the following expenses in the 2019-20 tax year. Which of the items can he claim as a deduction under s25-10?
1 - Repainting the property before the first tenant moved in $6,000
2 - Replacing a valve in the hot water system after a tenant has left the property $300
3 - Replacing the tiled roof after owning the property for three years as a result of storm damage $8,000
4 - Putting in a new concrete driveway to the property after owning the property for 12 months $10000
A) Items 1 and 4
B) Items 1,2,3 and 4
C) Items 2 and 3
D) Item 2
Correct Answer:

Verified
Correct Answer:
Verified
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