Hi all. Just wondering how you divide costs for the purpose of tax and loan repayments in the future. In my situation I will
Build a house behind my existing IP.
Build a garage and extention on the existing house.
Then subdivide.
I assume the cost of the new house is tied to it and the actual subdivision costs are split between both blocks but what about the new garage and extensions. Are they split between the two just on the existing house.
What's the protocol with this ?
Build a house behind my existing IP.
Build a garage and extention on the existing house.
Then subdivide.
I assume the cost of the new house is tied to it and the actual subdivision costs are split between both blocks but what about the new garage and extensions. Are they split between the two just on the existing house.
What's the protocol with this ?