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Lotana, please dont misunderstand the point of my question. I'm not suggesting anything dodgy, illegal, improper, unethical etc., etc.... :confused: My question is... Can you value an item for depreciation at ACTUAL value as seen in the house, not cost of materials? If one cannot, and...

Is there a way around this? What if the constructed VALUE of your additions/ renovations / whatever can be shown to be more than the actual COST. For example you buy the components for a new kitchen at a cheap price, make some modifications and fit them to your house. In effect you have...