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Can I submit invoices for building material?

Posted 23 June 2015 under Tax Questions

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Nazeem says:
10 June 2015 at 7:43

Can I submit invoices of building material I bought for renovation to my house?

This entry was posted in Tax Questions and tagged , , , , . Bookmark the permalink.

TaxTimTaxTim says:
10 June 2015 at 15:10

Renovation costs are added to the base cost of a property which will be used to reduce your gain and therefore capital gains tax when you finally sell the product. You cannot claim these as expenses.


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