Fergus owns a rental property. Instead of hiring contractors he does all of the property maintenance and repairs himself, keeping careful records. Which one of the following amounts is not a deduction from his rental revenue for tax purposes?

		$712.50 for the value of his own labour (50 hours @ minimum wage of $14.25 per hour).
		$400 for insurance.
		$250 for bookkeeping services.
		$7000 for property taxes