Hi,
We purchased a rental property recently and the tenants have moved in. The property is on tank water.
Our rental agent has asked us to have the tank water tested to ensure it is drinkable. This is because they recently had a property on tank water where the tenants got sick after drinking the water.
My question is - can we claim the cost for the testing of the water at all?
And if the results come back saying the water is not drinkable and we decide to install a water filtration system, can this be claimed as a deductible depreciating asset?
Thanks,
Leah