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Sounds close to the money, $2.5 mill. Banks should lend 70% as a going concern. It's a large building 870m, might be a fun weekends painting!

Mush it Allows you to apply the CGT concessions for small business if you sell the business.

Interesting stuff. I'm looking at selling a smaller BH and putting the money into a larger one, so may be able to work on the CGT. Few differences for me though. They're on leases and not students! Is this a private ruling? I'll have to talk to my accountant!

I own a few boarding houses in Brisbane, bought my last one similar time as you Ell. Been good to read your story, mine didn't have quite the work yours did though! Can't find anything on a google search Aaron. Got a link?