Jinglebell replied to the topic First home investment property reno tax deduction in the forum Legal & Accounting 12 years ago
Hi everyone,
Thank you so much for the info!! If renovations (or improvements) cannot be tax deductible but only depreciable and also form part of the cost base for CGT purposes, would it be better if me and my partner start the property off as investment property first, then after a few years claim it back as residential property? Do you think…[Read more]