Hi
So we've got early access on a property and doing some minor cosmetic work.
I've decided the carpets need to get replaced( cheaper than tiling), as pretty much the whole house is carpeted the cost is getting up there.
At what point can I claim work as repair and not capital/depreciation?
It might be more cost effective to install the carpet just as the place is tenanted, but have it advertised as a new carpet going in.
Cheers
So we've got early access on a property and doing some minor cosmetic work.
I've decided the carpets need to get replaced( cheaper than tiling), as pretty much the whole house is carpeted the cost is getting up there.
At what point can I claim work as repair and not capital/depreciation?
It might be more cost effective to install the carpet just as the place is tenanted, but have it advertised as a new carpet going in.
Cheers