Could anybody point me to any guidelines on where Revenue draw the line between (deductible) "enhancement expenditure" and (non-deductible) "maintenance or repairs" for CGT purposes?
Would the following seem right in principle?
Enhancement
Upgrading kitchen, including all tiling and appliances.
Upgrading bathroom, including tiling.
Upgrading carpets.
Upgrading heating system.
Upgrading electrical wiring/fixtures.
Repairs/Maintenance
Repainting interiors.
Sanding and varnishing wooden floors.
Many thanks in advance.
Would the following seem right in principle?
Enhancement
Upgrading kitchen, including all tiling and appliances.
Upgrading bathroom, including tiling.
Upgrading carpets.
Upgrading heating system.
Upgrading electrical wiring/fixtures.
Repairs/Maintenance
Repainting interiors.
Sanding and varnishing wooden floors.
Many thanks in advance.