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Reply: 2.2.1.2.1.1.1 From: Dale Gatherum-Goss Hi Rolf! Touche!!!! I remember having a dig at one of your posts a little while ago and so I, more than most, really appreciated that. Thank you! Would you believe that I actually wanted to be a chef and that my school teachers virtually...

Reply: 2.2.1.2.1 From: Dale Gatherum-Goss HI Owen! A lot will depend upon the kitchen itself. If the kitchen is fixed to the house, then it should form part of the building and be written off at 2.5% over 40 years. However, freestanding kitchens are a different matter again and can be...

Reply: 2.2.1 From: Dale Gatherum-Goss Hi Robert! I'm afraid that improvements before you settle are not tax deductible, but, can be depreciated under Capital works. The same applies for anything major that you do within the first year of ownership as the tax office argue that you are merely...

Reply: 2 From: Dale Gatherum-Goss Hi It will actually depend upon what you are doing and whether the nature of the work is a repair to an item to restore the unit to it's original position - in which case the money spent is a tax deduction or whether you are improving on the asset which...

Reply: 1.1.1 From: Dale Gatherum-Goss Hi Yes, Megan, you are right. Any money spent that you cannot claim as an outright tax deduction can be used to reduce the capital gain. Dale