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You were correct in not claiming the loss in 2015 as you had not incurred any expenses yet.
In 2016, you can claim as repairs expense the difference between what you actually paid out and the insurance payment you received.
You were correct in not claiming the loss in 2015 as you had not incurred any expenses yet.
In 2016, you can claim as repairs expense the difference between what you actually paid out and the insurance payment you received.
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