hi
it seems that i will be up for a large repair bill (around $100,000) to rectify a structural defect in a commercial building i own. are the costs associated with it wholly tax-deductible in the first year as it is a repair? i've had drawings done and assume that they will all be classed with the same 'brush'?
the defect relates to a retaining wall which has moved at the front of the building...
it seems that i will be up for a large repair bill (around $100,000) to rectify a structural defect in a commercial building i own. are the costs associated with it wholly tax-deductible in the first year as it is a repair? i've had drawings done and assume that they will all be classed with the same 'brush'?
the defect relates to a retaining wall which has moved at the front of the building...