Seismic Assessment - quake repairs 15 Aug 2017

Do you need to strengthen your building to cope with the risk of a big earthquake?  Generally, the cost of upgrading your building, for this purpose, is not tax deductible. Perhaps it ought to be. Inland Revenue considers most detailed seismic assessments are tax deductible. The notable exception is where this is obtained as part of a capital project such as seismic strengthening or improving a building. Clearly, you need to separate the assessment from the strengthening. 

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