Solved: My last tenants destroyed my unit. floors and wall...

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My last tenants destroyed my unit. floors and walls with stains and cigarette burns. approx. 6000 for new floor. can I claim this as maintenance and repairs?

 
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My last tenants destroyed my unit. floors and walls with stains and cigarette burns. approx. 6000 for new floor. can I claim this as maintenance and repairs?

Yes, you can claim this as a Maintenance & Repair "expense". An expense that simply restores a property to its original condition is usually a current expense. So as long as you didn't "improve" the property beyond its original condition, you can claim the cost as Maintenance & Repairs.

For example: 

  • You replaced linoleum flooring with the same type of vinyl flooring, this is a "current expense".
  • If you replaced that flooring with hardwood floors, you have improved it and therefore must claim as a "capital expense".

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Highlighted
Moderator

My last tenants destroyed my unit. floors and walls with stains and cigarette burns. approx. 6000 for new floor. can I claim this as maintenance and repairs?

Yes, you can claim this as a Maintenance & Repair "expense". An expense that simply restores a property to its original condition is usually a current expense. So as long as you didn't "improve" the property beyond its original condition, you can claim the cost as Maintenance & Repairs.

For example: 

  • You replaced linoleum flooring with the same type of vinyl flooring, this is a "current expense".
  • If you replaced that flooring with hardwood floors, you have improved it and therefore must claim as a "capital expense".

View solution in original post

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