Question
Henry moved in to live with his mother in November 2021 following the passing of his father. He rented out his residential property which he
Henry moved in to live with his mother in November 2021 following the passing of his father. He rented out his residential property which he had lived in since 2015. His first tenant moved in on 1 March 2022. Henry bought a washing machine for his tenant to use as the existing machine had broken down. The replacement machine had similar functions to his old machine. The first tenant moved out on 30 September 2022 and his subsequent tenant moved in on 1 December 2022. Which of the following statements are TRUE?(i) Henry can claim expenses for the period from 1 October 2022 to 30 November 2022 as his rental source has not terminated permanently.(ii) Henry can claim deduction of the cost of the new washing machine as this is a replacement machine.(iii) Henry can claim expenses in relation to his residential property for the year ended 31 December 2022 as these expenses were incurred in the production of rental income.(iv) The expenses relating to the months of January and February 2022 are not deductible as there was no rental income derived for the same period
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