Capital improvements, Explain the difference between

Capital improvements

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Reference no: EM13138285

question 1 General deductions
What is your view re: compulsory business expenses and their deductibility under s8-1 ITAA97 where they are incurred AFTER the
business ceases to operate? How does this compare to expenses such as legal fees?
2) Question "Specific Deductions"

Explain the difference between capital improvements compared to Repairs and Maintenance, giving consideration to a taxpayer who owns a rental property.

Reference no: EM13138285

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