Hi everyone,
Is this correct.....lets say I spend $30k on renovations for my bathroom and kitchen on my PPOR. When it comes time to sell my home, can I then add this $30k to the cost base for cgt calculations?
Also, if I sell to my family trust, I take it this has to be done at a reasonable market rate to keep the ATO happy. Is this correct?
Thanks
John
Is this correct.....lets say I spend $30k on renovations for my bathroom and kitchen on my PPOR. When it comes time to sell my home, can I then add this $30k to the cost base for cgt calculations?
Also, if I sell to my family trust, I take it this has to be done at a reasonable market rate to keep the ATO happy. Is this correct?
Thanks
John