I was trying to search for information on this forum and everywhere I could think of but could not find answers. Could anyone here point me in the right direction? I'm mainly interested in what costs are deductible if your intention is not to rent but to sell the property.
Any help will be appreciated.
Well, finally found something on the ATO website but I don't know if my interpretation is correct. According to this information the "cost base" apart from the purchase price, legal fees, building inspection fees, agent commission, also includes capital works that qualify for a deduction but of course without any deduction that was made if the property was let.
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