I am running a storage business under a company structure. The business provides storage space for people needing space to store things that they may not need immediately, but may need in future. The storage space that I got is a basement. The basement wall have started leaking subterranean water. For me to provide effective and seamless service to my customers, I am going to need to fix this water ingress into the storage facility in the event of rain. Is the cost incurred in fixing this, tax deductible against the company's income?
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184 views1 replies
1 replies
184 views
1 replies