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227 tax time Q&A with an accountant

Dev Raga Personal Finance

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Capital Improvements and General Day to Day Running Expenses

There are three categories of expenses. One is capital improvements, o you know, things like renovations to improve the asset itself. The other one was your general keeping lights on deduction. So it's not your day to day activities, not your dato day operations. You require it as a passive investment to run in the background. And there will be income and expenses associated with that.

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