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Hi all, I bought an investment property in Melbourne SE three years ago. The property is held under my name (not in a trust, etc) and it has been rented ever since I bought it. Recently there is an opportunity to knockdown existing house and build 3 townhouses on the block. We're in the...

Hi all, I'm about to embark on journey to get the planning permit for 3 townhouses in Melbourne south east. Given the substantial cost to get the plan drawn up, I'm just wondering if this cost is actually tax deductible? I'll be building this townhouse under my own name, so no company /...