Maysky v. The Queen, 2003 DTC 991, 2003 TCC 387 (Informal Procedure) -- summary under Improvements v. Repairs or Running Expense

By services, 28 November, 2015

Maintenance and repairs expenses incurred with respect to a house of the taxpayer were on capital account given that there was no expectation of rental revenue from the property and the expenses were instead incurred in order to maintain the value of the property as collateral and for possible resale purposes.

Topics and taglines
Topic
Income Tax Act - s. 18(1)(b) - Capital Expenditure v. Expense - Improvements v. Repairs or Running Expense
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
335605
Extra import data
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