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  • Profile photo of alvinmalvinm
    Participant
    @alvinm
    Join Date: 2004
    Post Count: 6
    November 17, 2004 - 12:10 am
    <i><u>Originally posted by Derek</u></i>
    Do not forget that considered improvements do/should help to maintain a property’s value and/or rent return and/or general state of well being.

    Thanks for the information…

    Now correct me if I am wrong, say CG is the capital gain, PCost is the original purchase cost, ICost is the improvement cost, SCost is the selling cost of the property and OCost is the other expense cost… is it then

    <b>CG = SCost – (PCost + ICost + OCost)</b>

    My point is, I am trying to reduce the CGT to be paid to ATO…

    Alvin

    Profile photo of alvinmalvinm
    Participant
    @alvinm
    Join Date: 2004
    Post Count: 6
    November 13, 2004 - 1:26 am
    bigben posted

    if i was to put a garden bed where the tree was as that is landscaping!

    Does this mean landscaping to increase value of the house is not tax deductable? In general does that mean any improvement to the house (if not considered maintenance is not tax deductable?

    Alvin

    Profile photo of alvinmalvinm
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    @alvinm
    Join Date: 2004
    Post Count: 6
    November 13, 2004 - 1:16 am

    Thanks all for the advices…

    I’m sure all of us started this journey from somewhere and got/asked some help one way or another… otherwise we wouldn’t be in this forum…

    Being “Poor in Time and Rich in Money” I can not really read ALL thousands of posts in this forum to find the answer to a specific question…

    Profile photo of alvinmalvinm
    Participant
    @alvinm
    Join Date: 2004
    Post Count: 6
    November 12, 2004 - 1:17 am

    thanks for the recommendations… I’ll get in touch with them when I get back..[suave3]

Viewing 4 posts - 1 through 4 (of 4 total)