Sale of pre 1985 retail property

Although you have described the property as bought pre 1985, has it changed ownership at all during that time eg death of joint tenant, inheritance, gift?
 
No post 1985 construction just maintenance and remodelling existing premises.

No change of ownershhip. It is a tenants in common ownership.
 
Construction = remodeling. Just depends upon to what extent you have remodeled.

This issue would merely result in a separate CGT asset if that cost exceeded the relevant threshold for a separate asset in that post-CGT year. So apportioning between pre-post CGT is needed so one is tax free and other isnt.
 
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