TaxTim says: 5 July 2014 at 20:08 Did you renovate as part of an improvement to the home or did you repair? |
Butternut says: 5 July 2014 at 20:16 An improvement to the home. |
TaxTim says: 5 July 2014 at 20:19 Unfortunately not, these will count as part of the base cost of the house and reduce the capital gain when you sell it which will then reduce the capital gains tax. |
Butternut says: 5 July 2014 at 20:31 Ok, cool. Thanks very much :-) |
TaxTim says: 5 July 2014 at 20:33 Only a pleasure! |