Hi, we are revamping a rental property. I know that we can write off repairs on our next tax return and other items come under capital expenditure and are written off over 8 years. But just to be more specific: Is it correct to write the following under repairs: payments to the painter, tiler, electrician and plumber? Do the expenses for the tiles, wooden floors and carpet also come under repairs or under capital expenditiure?
I am assuming that the bathroom suite, the kitchen, the curtains and triton shower and appliances come under caital expenditure and are written off at 12.5% per year. Is that right?