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I reckon it's a good idea to talk to an accountant (one with good knowledge of property investing) before you do anything to a property. Much of the benefits are in the timing of what you do. Scott

There might not be much there, Stumpie. The building is old and there are no significant renos you are disposing of. It will get down to what improvements you have made, assuming you have not claimed them along the way as repairs - you mention you have owned the place for some years. The...