Triggers for cost base up lift?

Discussion in 'Commercial Property' started by FXD, 8th May, 2021.

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  1. FXD

    FXD Well-Known Member

    Joined:
    30th Aug, 2018
    Posts:
    290
    Location:
    Melbourne, Victoria
    Hi experts,
    What are the possible minimal things that can be done to commercial office and retails to trigger a
    full re-valuation and cost base uplift before a sale so as to minimise CGT?

    Does it have to be major capital improvement instead of just cosmetic changes?

    Thanks!!!
     
    FXD, 8th May, 2021
    #1
  2. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

    Joined:
    18th Jun, 2015
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    Location:
    Australia wide
    Main residence exemption can't apply to commercial so can't see why any uplifting could occur
     
    Terry_w, 8th May, 2021
    #2