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Old 13.01.2012, 23:50
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Phil_MCR Phil_MCR is offline
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Re: Home improvement and tax

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It happened to us too. I had one tax adviser rip us off, one charging for his time to advise us about tax declarations and what receipts we needed to keep and what we could claim ect, when he knew very well we had L permits and wouldn't have to complete a tax declaration The bill added up so fast - and he was charging friends for answering their queries on his bills. He even offered to pick a friend up from the station, beause he said he was going that way anyway, and then billed them for it

Well...he forgot to send me the final bill...9 years ago now

On topic: damaged tiles can be replaced and claimed as an expense eg, if the grout isn't water tight or tiles are cracked. However, there is a flat amount of 20% (for place 10 plus years old) that can be deducted for repairs without actually doing anything - and replacing a few tiles isn't going to be more than the 20%, so you might as well claim the flat rate and pay to replace your tiles.
is this 20% of the EmW? i.e. self rental value is 20k pa, so you can claim 4k of expense and assuming 30% tax rate, works out as 1.2k of tax reduction?
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