Had Water damage claim where bathroom wall and abutting bedroom wall was replaced, shower wall and floor retiled, surrounding area repainted. Cost of claim was apparently $6000.
I also paid the builder to replace the vanity, and all the tapware at an additional $1000. The old pale blue, simply wasn't going to go with the new tiles. The property is 12 year old.
I have now sold the property, in the same year as the repairs were done. And the repairs obviously contributed to a higher sale price.
How do I treat, if required, the
1) $100 Insurance Excess ?
2) Writing off of Old bathroom
3) repair cost of New Bathroom $6000
4) Replaced taps and vanity costs
Thanks