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  1. Paul@PFI

    Tax Treatment re: Initial Repairs/Cap Works etc

    Mel - CGT isn't that easy. - Was it ever a main residence ? - Do you have a CGT election available ? - Have you been a non-resident ? Based on your simple numbers: First element of cost base is $300,000 Second element - Add costs incurred to acquire. eg stamp duty, legals ??. Also...
  2. Paul@PFI

    Tax Treatment re: Initial Repairs/Cap Works etc

    Cost base adjustments include - Expenses for which no deduction was claimed; - Capital works allowances claimed Depreciation itself doesn't add back but without making it complicated.... YES it also adds back to the cost base. The area of disposal of depreciable plant is a complex little...
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