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Happy Monday, Jatabeau! We recommend getting the depreciation schedule so you can scrap it. Yes, if there are capital works deductions available on those properties then they will reduce your cost base and thus there may be CGT implications if/when you sell but usually the benefits of the...

Yes, as depreciator said, the two factors are improvements (you say you haven't done much) and time owned. Your words were "over the years I've had it". If that time is only a few years then it may well be worth investigating because you'll at least have some residual deductions on plant items...

Hi Stumpie, There are a couple of important prerequisites for scrapping. The first is that you have to have a depreciation schedule to scrap from in the first place (otherwise, what values will you claim?). The second is that a property should be an IP on BOTH sides of the...