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flowergirl13

  • flowergirl13 replied to the topic Immediate deduction vs. capital work in the forum Legal & Accounting 11 years, 1 month ago

    Thanks for the discussion! Your article was really helpful!!

  • flowergirl13 replied to the topic Immediate deduction vs. capital work in the forum Legal & Accounting 11 years, 1 month ago

    Thanks Tyron!

    That does help, but it sways me more to a repair deduction than capital work, although my interpretation may be incorrect:

    1.The work you do needs to relate to the wear and tear of the property whilst it was an income-producing asset for you. — Yes, as a result of use and deterioration, although the tenants have only been there…[Read more]

  • flowergirl13 replied to the topic Main Residence Exemption in the forum Legal & Accounting 11 years, 1 month ago

    Thanks all!

    No I dont own my parents property, I only own my first property where I lived in then started renting. and moved back to my parents.

    I guess for tax purposes, I have one PPOR and that is the property that is currently being rented out!! So as long as I sell within the 6 years, or I move back in, then I am exempt from CGT?

    I haven't…[Read more]

flowergirl13

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