R&M vs Improvements/Capital - Tax kick back/CGT

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  • VLW
    Full Member
    • Oct 2017
    • 26

    #1

    R&M vs Improvements/Capital - Tax kick back/CGT

    Hi, I'm not an accountant but heard often you get a tax kick back on R&M, is this true and why? Expense = IS in this case. When you are making improvements to a building you own, should this go to a BS account? Then my understanding of CGT is non existent, but would you be at all taxed on the increased improvement value? TIA

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