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Thanks Melbgal Thanks for your reply Melbgal. I still own the property and it is still rented. The original tenants vacated and i carried out the renovations while looking for new tenant who moved in shortly after. The work done related to damage or deterioration that was evident when I...

Thanks Again Paul Thanks for your reply Paul. I understand there are other elements that need to be added to the cost base as per your post. I was just interested in how the capital works deductions specifically affected the cost base. Thanks for clarifying. In answer to your other...

Thanks Paul Thanks for the reply Paul. Not sure I understood everything you wrote but I'm trying to get my head around it. Unfortunately everything I read just brings up more questions. Hypothetically, if I were to sell the property today could you clarify what adjustment I would make to...

Thanks Depreciator! Thanks for your reply Scott, glad to know I don't have it all wrong! Am I correct in assuming that I also add the depreciated amounts claimed back onto my cost base for CGT purposes? Regards Mel

I purchased an Investment Property in April 2011 from my brother. It was rented at the time of purchase, however the tenants vacated a few months later. I decided to repaint, replace a damaged bathroom vanity unit, re screw the roof etc while to property was vacant. It was my understanding...