What is it a Capital expense? What is a Revenue expense? What can I claim against my rental income?

[@siani5299]

So if i flip a property, i can claim the refurbishment as an expense against the capital gains tax?. Thanks

[@kimberleyshapcottpropertytax]

Yes you will be able to claim the refurbishment against the sale of the property to reduce the capital gains tax that may be payable.