new roof - tax purposes
Tax Planning and Financial

1 Thanks
23 Posts
2 months ago

I had to replace my roof due to age and also damage from a cowboy roofer. Is the cost of the roof put as Revenue Expense or Capital Expense.  I assume revenue expense as it is a like for like replacement.   Secondly, if revenue exp, how many years can I claim back (this occurred in the previous tax year))?

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