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James O. ·

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Repairs or improvements? Replaced a whole fence

Storm damage took out half the fence and we replaced all of it. Is that a repair I can claim this year, or a capital improvement?
24

6 replies

  1. Tom W. ·

    Fixing the damaged part is usually a repair. Replacing the whole fence is usually capital works, claimed over time.

  2. Chloe R. ·

    Could you split the invoice into the repair and the rest? Ask your accountant.

  3. Ahmed H. ·

    Insurance may cover the storm part too. Then only what you paid counts.

  4. James O. ·

    Insurance covered some. I'll take the split invoice to my accountant.

  5. Olivia N. ·

    Keep photos of the damage before the repair. They help if anyone asks later.
    3

  6. Hannah B. ·

    Closing replies now, as this one has a clear answer. Thanks all. Your accountant has the final say on how to claim it.

Replies are closed.