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Maintenance expense on rental property

Posted 23 June 2015 under Tax Q&A


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Peter says:
2 June 2015 at 13:59

I own a property that I rent out for the last 30 years and the perimeter fence is damaged beyond repair . Can I claim the cost of the new fence as a maintenance expense. Thanks

This entry was posted in Tax Q&A and tagged , , , . Bookmark the permalink.

TaxTim TaxTim says:
3 June 2015 at 6:53

Are you merely replacing the fence or are you installing something new and remarkably different?

Peter says:
3 June 2015 at 12:43

Merely replacing the fence, and the original fence is of better quality than the replacement fence, so I have gained nothing but have lost as I could not afford to put another original fence in . I have retained a photo of the old fence for SARS to compare.

TaxTim TaxTim says:
5 June 2015 at 9:45

Generally SARS will not allow this an improvement which means you cannot add this to your base cost if you do sell the property, but they will allow you to claim this as a deduction/expense against the rental income earned.

Peter says:
5 June 2015 at 17:36

Thanks , Very helpful

TaxTim TaxTim says:
8 June 2015 at 5:43

Only a pleasure!


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