"Yes, they can add this expense to the cost of the house. It is called ""cost of the improvement.""
Yes, they can deduct this cost from the sale value.
They may need some advice on
- paper support (expense bills, vouchers, etc.) to collect and preserve and on
- calculating the indexed cost to capital gain computation."
Please mark your satisfactory level...
My Dear ,
I thank you for marking the answer as satisfactory.
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It will be very nice and helpful to our other members (and the answerer too) if you mark your satisfaction level on the grade scale below.
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Anu, Thakurani's bestie