Rental Property
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sarva
Registered Posts: 13 New contributor 🐸
I need to know the following expences are revenue expenditure.
1.replace fire doors to normal doors for firesafety .
2.Partition wall to make sepeate room.
3 Install new shower in a cubord space.
Please help me.
Thanks
Sarva
1.replace fire doors to normal doors for firesafety .
2.Partition wall to make sepeate room.
3 Install new shower in a cubord space.
Please help me.
Thanks
Sarva
0
Comments
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I need to know the following expences are revenue expenditure.
1.replace fire doors to normal doors for firesafety .
2.Partition wall to make sepeate room.
3 Install new shower in a cubord space.
Please help me.
Thanks
Sarva
I'd say 2 and 3 capital, new building additions.
Could possibly argue 1, does the door need replacing anyway?0 -
I would agree. New room and new shower area are capital expenses for definite. Fire doors are, in theory, capital expenses, but you could get away with revenue.0
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Rental Property
Yes I would strongly agree 2 and 3 are capital, enhancing the property and en endurance benefit for long time.
concerning 1 its a replacement, it could be argued that is a revenue expenditure as to restore to its original condition and this irrespective if its fitted with a better technology;surely the building materials got advanced in these days.
I hope this help.
isam
kind regards0
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