As these costs are a capital expense, you are only able to claim them if you were to depreciate the cost of the actual house/building. However, if you do, this can result in a recapture of part or all of the depreciation if you decide to sell the property.
You are going to include the costs as part of the cost of the house/building, and therefore part of the cost of the property. This will decrease the capital gains if you sell the property.
As these costs are a capital expense, you are only able to claim them if you were to depreciate the cost of the actual house/building. However, if you do, this can result in a recapture of part or all of the depreciation if you decide to sell the property.
You are going to include the costs as part of the cost of the house/building, and therefore part of the cost of the property. This will decrease the capital gains if you sell the property.
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