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I have a query about CGT-If we sell off a newly created block, what is our position with CGT-is it all The existing house will go down a little in value on the smaller block. We are pretty close to doing a little dual occ north of Melbourne.
JulieEllen[biggrin]Assuming you’re not talking PPOR, then when I was looking at this a couple of weeks ago it seems like an apportionment of the cost base is done
eg value of properyty at purchase = x apportioned as to y to house and z as to the new land
CG calculated on sale of new land less z
Talk to your accountant
Viewing 2 posts - 1 through 2 (of 2 total)
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