A new roof is considered an improvement and therefore NOT deductible. Building owners can deduct the cost of repairs (roof renewal of the existing surface) that you make to the property.  You cannot deduct the cost of improvements.  A repair keeps the property in good operating condition.  It does not materially add to the value of the property or substantially prolong its life.  Repainting property inside or out, fixing gutters or floors, fixing leaks plastering and replacing broken windows are examples of repairs.   If you make repairs as part of an extensive remodeling or restoration of the property, the whole job is an improvement. Improvements adds to the value of the property, prolongs its useful like or adapts it to new uses. Putting on a new roof and paving a driveway are examples of improvements. A Pace renewal is classified as a REPAIR and IS TAX DEDUCTIBLE.