When to declare capital expenses on rental property?

[Bnawfal]

Hello,

Let's say I own a rental property, and made capital expenses in 2022. I am not interested in claiming CCA on those expenses; but want to use them to increase the ACB of the property when I eventually sell the property.

My question is do I need to claim these expenses in this year's filling, or do I only need to declare them in the year I sell the property?

Thank you for any help.

[TurboTaxSusan · Accepted solution]

No, if you're not going to take CCA on your capital expenses, then you will add them to your ACB when you sell the property.