Leaky buildings and income tax – deductibility of repairs and maintenance expenditure – general principles

This fact sheet accompanies IS 26/01: Income tax – deductibility of repairs and maintenance expenditure – general principles. IS 26/01 explains when you can claim an income tax deduction for repairs and maintenance costs for physical property and features 27 examples (including two relating to leaky buildings). This fact sheet gives a brief summary of the key points from IS 26/01 that specifically relate to leaky buildings. Another fact sheet (IS 26/01 FS 1) summarises all the key points from IS 26/01.