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Yes. I was asking about that earlier. Thinking that I should separate the Hot Water Service as a separate item. Would I be correct in thinking I reduce the sale price of the property by the Closing written down value of the Hot Water Service? My other question was in regard to any holding...

absolutely. which is why I want to get it right and obviously understand it for future investments. Calculating my exact expenditure over the years and what I have received back in terms of deductions has been a good exercise in understanding the effect of making the right choice about when...

Thanks all. Just trying to get it all reconciled in my head. In "real terms" we didn't really make any money on the property. it started off as almost neutrally geared and then in 3 years the insurance premiums went from $500 per year to $2000 per year. This wasn't because of claims we...

I am somewhat confused about calculations for capital gains tax. I understand the principles of Sale Price minus Cost of Purchase and assoc costs (legal, agent fees etc). What I am having difficulty with is understanding the effect with holding cost (eg rates, insurance, interest...