Home & Garden

Rental Unit, Expense?

  • Last Updated:
  • Jan 14th, 2015 1:56 pm
Tags:
None
Deal Fanatic
User avatar
Sep 13, 2003
9923 posts
1665 upvotes

Rental Unit, Expense?

If an appliance breaks in the rental unit, can you expense 100% of the cost of the appliance?
One blind human - a tragedy
Ten blind humans - a disaster
One million blind humans - a statistic
2 replies
Deal Expert
User avatar
Jun 12, 2007
20807 posts
6623 upvotes
London
aquariaguy wrote: If an appliance breaks in the rental unit, can you expense 100% of the cost of the appliance?
My understanding is 100% of the expense cost of the *repair* of the existing appliance.

If you *replace* the broken appliance with a new one, then the expense is claimed under the capital cost allowance rules

Top