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Thanks Terry. I was pretty sure about the purchase costs but concerned about the reno costs. Is it correct that the actual reno funds would (entirely/mostly) be added to the cost base for CGT on sale? At least those bits that weren't part of the depreciation benefits during ownership? Is...

I'm organising a LOC on my existing PPOR. I understand the purchase costs can come straight out of that, and the interest will be tax deductible. Is that right? In implementing a buy-reno-hold strategy, I was also going to take the reno expenses out of the LOC. The reno will happen either...