Property was purchased in Oct 2017, renovations completed in Dec 2017, and first tenants moved in Mar 2018. All renovations were replacing/repairing damaged or worn items in the home (ie. paint, carpet, countertops, fridge, dishwasher, etc) with no upgrades to the property. Rental income did not commence until Mar 2018. Are these expenses claimable, and if so, would they be capital or current expenses?
