Michael, a resident, carries on a retail business and has incurred a number of expenses during the year current tax year ended 30 June as follows:

• Replacing the original loose gravel surface of the car park with a concrete surface at a cost of $22 000. The concrete surface will be longer lasting and have a lot less dust when compared with the gravel surface.

• Replacing the roof tiles on his business premises with new roof tiles at a cost of $34 000. The old roof tiles had become cracked and the rain was leaking through them and damaging Michaels trading stock. The new tiles were of a similar quality as the original tiles.

Based on this information what amount can Michael claim as a tax deduction as repairs under s 25-10 Income Tax Assessment Act 1997 in the current tax year ended 30 June?

Select one:

1. Nil

2. $56 000.

3. $22 000.

4. $56 000.

5. $34 000.