Hello I believe the costs would only be deductible if you were planning on renting the property. I think that similar questions have previously been posted.

Hi EricAccountants charge by the hour. Inner city firms can charge up to $400 an hour if you want to speak to a Partner (sometime more) or from $250 to $350 to speak to a manager. If your query is not overly complicated I would suggest talking to a manager. There are also suburban accountants that are in a cheaper range (as they don't have all the…[Read more]

HelloI am not 100% but I think you can choose it as your main residence and it will be CGT even if you don't move back into the property.

Hi GoldilocksHave heard of this situation. In regards to having two properties as your principal residence I would ask your accountant to look at this. It is a common misconception that if you own the house you live in and build another both will be free from CGT. This is not right and advice should be sought regarding which property to choose as…[Read more]

Hi GoldilocksHave heard of this situation. In regards to having two properties as your principal residence I would ask your accountant to look at this. It is a common misconception that if you own the house you live in and build another both will be free from CGT. This is not right and advice should be sought regarding which property to choose as…[Read more]

Hi GoldilocksHave heard of this situation. In regards to having two properties as your principal residence I would ask your accountant to look at this. It is a common misconception that if you own the house you live in and build another both will be free from CGT. This is not right and advice should be sought regarding which property to choose as…[Read more]