Hi All,
What is a reasonable percentage rate for maintenance allowance and is the percentage of the net income or gross income or something else altogether.
This is for a block of 4 flats that are a little run down.
Thanks in advance[biggrin]
You will always miss 100% of the shots you don’t take!
How long is a piece of string – only you know the condition of the place.
True,
But I have heard bandied about something like 2% or 2.5% of the income?
Anyone else heard of something like this.
You will always miss 100% of the shots you don’t take!
I dont know – but thats what the tax commisssioner reckons it should be. Hence the building allowance thats deductible.
I dont worry about it in my calcs. I just borrow more if any new maintenance needs to be done. I dont let it effect my bottom line.
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