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Can I submit invoices for building material?

Posted 23 June 2015

Nazeem says:
10 June 2015 at 7:43

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

TaxTim TaxTim 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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