How to define the maintenance, repair and improvement of a building lease?
The work of maintenance and repairs are defined as work to maintain or repair a building or housing but without extension or modification of the original team.The work of maintenance and repair comprise both local residential and professionally.
Some examples of maintenance and repair:
- Release the standards of electrical installation;
- Wood-treatment against termites or capricornes;
- Rehabilitation of shell;
- Replacing a boiler;
- Cost-painting outside;
- Fees finding asbestos;
- Costs of research and analysis on the lead or information to purchasers and tenants on major natural and technological hazards;
- Crépissage-walls;
- Setting standards for the installation of an elevator; Cost-repair a roof, a chimney or a floor.
The cost of interior painting are tax deductible only in cases of force majeure, ie to facilitate the rental housing or following natural disasters (frost, flood, for example).
Other expenses are deductible from taxes, spending is improving.
These are expenses that are to make housing a new comfort or adapt to modern life.These expenses are deductible only improvement for the space of housing. But they may be deductible for professional or commercial premises in case they are used to treat asbestos or facilitate disabled guests.
What are these expenditures for improvement?
- The installation of central heating;
- The expansion of doors and windows;
- Expenditures for thermal insulation and heating;
- The costs of installing running water, gas or electricity;
- The repair of the roof by replacing a portion of the frame;
- The renovation of the facade of a building;
- he laying of sanitary facilities or bathrooms to build housing in existing premises.
The deduction of expenses for improvements applies for rental in the general scheme.