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Income Tax > Tax > Deductible Repair Tips Deductible Repair Expenses - Tax Deduction If you’re claiming repairs as a deduction, you must be aware there is a difference between a repair and an improvement, as you can not claim an immediate tax deduction for improvements. But you may be able to claim a capital works deduction for improvements. The following is a list of deductible repairs you can claim an immediate tax for.
- Altering building for street-widening program.
- Caulking seams.
- Replacing compressor for air conditioner.
- Replacing cooper sheeting for cornice.
- Relining basement walls and floors with cement.
- Cleaning a restaurant canopy.
- Cutting and filing cracks in storage tanks.
- Tuck pointing and cleaning exterior brick walls.
- Adding timbers to support walkway over basement.
- Mending plaster walls and ceilings.
- Painting walls and ceiling over basement.
- Papering walls.
- Patching a leaking roof.
- Relocating steam pipes and radiators.
- Resurfacing floors.
- Replacing sidewalks.
- Shoring up building foundation.
- Replacing retaining walls.
- Repairing gutters.
Additional Links:
Deductible Repair & Maint.
Deductible Car Expense
Rental/ Leasing Deductible
Tips on Renting & Leasing
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