I did major renovations on my house which now became an investment property. Renovations are done between 7-9 years ago, $60k cost Do I need QS...
R&D claims love failed projects :) I would speak with R&D experts... Pm me if you'd like details
Great, thank you!!!
Tax time! I am sure this was asked before but I can't find the thread.... Could you please confirm, if the property was purchased before May 2017...
@Terry_w I followed your example from the link you've supplied Lets ignore business usage for now. CGT calculation with no business usage still...
Could you please help me understand why? What part am I misunderstanding??
Because of running a business for a short period of time there or something else please?
So to summarise: Purchase price in 2000 $500k Valuation when became IP $1,000,000 in 2010 (claimed 5 year PPOR until 2015) Sold $1,400 in 2020...
sorry for confusion Thats correct, once moved out never moved in back
Moved out 2010 and used 6 year rule until 2015 Tenanted 2010-2020 Sole trader in 2009
yes so 15 years PPOR
Didn't move in, done valuation as thats when PPOR became IP Why is all wrong?? It was used for business only 1 year and 5 years for rental
Thanks Terry, yes I actually followed your notes :) Just unsure how would I add sole trader part to that calculations? Can there be two calculations?
Could you please help me confirm if I'm understanding this properly. Purchase price in 2000 $500k Valuation when became IP $1,000,000 in 2010...
Destroyed :( Malicious damage... Paying for a handyman to fix few things, still can't understand paying $880 for cleaning plus another $850......
I can't find the part in the contract if the house doesn't sell (as house wasn't sold and not on the market any longer). Contract only covers if...
When does auctioneer need to be paid? At the time of the booking or only if there is an auction?? We had our house for the auction, then after 2...
Thank you all. Tenants left lots of rubbish and I already paid for that to be removed, now having handyman fixing a few things and then the...
What is the usual cost for bond clean at the end of the lease if tenants didn't leave the house very clean? Got a quote from agent $850 just...
That's great, thank you Terry and Paul
Separate names with a comma.