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Any expense listed in s110-25 not otherwise claimed could be used to to reduce CGT, including expenses incured while you were living there.

Look at the link to the legislation that i provided:

yes, 3rd element of cost base http://www.austlii.edu.au/au/legis/cth/consol_act/itaa1997240/s110.25.html

good point= all costs not otherwise claimed, including interest.

s 118-185 ITAA97 http://www.austlii.edu.au/au/legis/cth/consol_act/itaa1997240/s118.185.html Capital gain/loss = CG/loss x (Non main residence days/days owned) Valuations don't come into it - unless you live in first and then rent.

CGT will be worked out on a time rented as a % of total time owned basis.