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Reply: 1.1.1.1.1.1.1.1.1.1 From: Dale Gatherum-Goss Hi Alex I'm afraid that you're looking at a rate of abt 2.5% of the cost of the fence each year for 40 years from the time the fence was erected. Dale

Reply: 1.1.1.1.1.1.1.1 From: Dale Gatherum-Goss Hi Yes, that is true with any depreciating asset that is scrapped. Well done Dale

Reply: 1.1.1.1.1.1 From: Dale Gatherum-Goss Hi Sim Yes, you are. In that case, you are merely restoring the fence to it's original state as opposed to improving it's original state. An important distinction in tax law when it comes to repairs. Dale

Reply: 1.1.1.1 From: Dale Gatherum-Goss Hi No, you cannot claim this cost as a tax deduction. You will have depreciate the cost over many years. Sorry, the laws are pretty strict in this area. Dale