Good Afternoon,
I hope you can help with my query!
I need to carry out repairs on my rented property.
Can I offset the cost of repairs incurred in 2019 against preliminary tax due for the following year.
In other words, instead of paying the full preliminary tax due in 2019 for 2020, can I deduct the cost of repairs incurred in 2019 and pay the balance tax due?
Thanks!
I hope you can help with my query!
I need to carry out repairs on my rented property.
Can I offset the cost of repairs incurred in 2019 against preliminary tax due for the following year.
In other words, instead of paying the full preliminary tax due in 2019 for 2020, can I deduct the cost of repairs incurred in 2019 and pay the balance tax due?
Thanks!