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Thanks Dale Thanks for your comments Dale, it is much appreciated Scott

OK so far I think I have my mind around repair v improve. Tell me If I am wrong but in general terms Repair = immediate tax deduction ( keeping in mind the 12 'rule') Improvement = no immediate tax deduction but cost (and labour?) of improvemrnt can be depreciated. Question. Can the...

thanks Thanks everyone. Scott

Signifance of terms What is the signifance of the terms -improvement -repair -maintance as far as immediate tax deduction and/ or depreciation. Also please fit the 12 month rule in somewhere Thanks Scott