L
LimerickLad1
Guest
Hi there,
Can anyone tell me if the cost of retiling a kitchen/bathroom would be considered a deductible expense for rental income tax purposes? I would categorise it as a maintenance expense (the previous tiles were crumbling) and therefore would be deductible. Other might say it’s a capital expense incurred on improvements to the premises and therefore not deductible.
Would appreciate any opinions,
Many thanks!
Can anyone tell me if the cost of retiling a kitchen/bathroom would be considered a deductible expense for rental income tax purposes? I would categorise it as a maintenance expense (the previous tiles were crumbling) and therefore would be deductible. Other might say it’s a capital expense incurred on improvements to the premises and therefore not deductible.
Would appreciate any opinions,
Many thanks!