Hi @Deb24,
It depends on whether the work is part of remedying the environmental issue or goes beyond it.
Under TR 2020/2, expenses can be deductible where they are for remediating environmental contamination, and this can include actions necessary to remove the pollution and replace it with safer materials.
If the waterproofing:
- improves or upgrades the property beyond what was there before
- is not directly required to address the asbestos issue.
Then it may be treated differently (for example, as a capital improvement).
This question depends on the detail of the work performed and how it relates to the remediation.
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