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Well, hypothetically, maybe I knew something was damaged when I signed the contract, and suggested the vendor need not fix it in an attempt to get my low offer accepted.. and I'm wondering how the repair could become tax deductible. Duncan.

If damage occurs within a property between the time a contract is signed and the time it is settled, would the costs of rectifying the damage be considered a capital expense or a claimable deduction? (all issues regarding vendors liability aside).. Duncan.