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Thanks Geoff and Mike, your answers are most helpful. I'll be taking this to my tax agent at the end of the FY, but was wanting a rough idea so that I can budget (know what to put aside) for CGT. You've been a great help, so thank you :)

Many thanks Geoff. So if I understand you correctly, in my example, say the amount I had written off as building depreciation was $5k, this would mean that I would be up for adding a total of $12.5k to my income for the financial year and I'd pay the marginal tax rate on that amount (ie max of...

Hi all I've tried searching for this, and amazingly have not been able to find a clear answer... I've just sold an IP and prior to the sale was claiming deductions through a certified depreciation schedule. I am trying to understand how this will effect the CGT paid. Some basic figures...