Daniel Moran
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Rental Income - Communal Costs set against rental income
I have a property that is within a 10 property estate. The communal wall holding the local hill (park) has collapsed & needs rebuilding, anchoring etc at a cost of approx £65,000 per household. The collapsed wall is a clear threat to my property. Can this amount (£65K) be declared 100% as an "repair" & offset against the rental income?