Form 12 -pyrite repairs

C

Charlie 07

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Filling in the form 12 again and have a quick question! We had a 'pyrite property' and luckily the builder chipped in towards the fixing of the property.according to the revenue website deductions fir building repairs can be made.do we fill in the total cost of the repairs or the cost of the repairs less the amount that the builder gave us?

Hope I'm making sense!
 
What panel on Form 12 are you looking at, and are you talking about a rental property or your own PPR?
 
The most you can claim as a deduction is the amount you paid towards the repairs. And you need to be mindful that it was genuinely repairs, i.e. restoration of the asset, and not improvements / enhancement.
 
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