I have an ongoing project of knockdown and rebuild on my investment property. Wandering, can I claim the cost which I have been paid for design the new home and related expenses in tax return?
thx
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Hello there @Augus
The drafting of the property would be considered capital works and can be claimed. You have not provided enough detail to say for sure if related expenses are claimable though. For example the costs of demolishing the old property cannot be claimed. You will need to look at our capital works deductions page for more information.
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Hello there @Augus
The drafting of the property would be considered capital works and can be claimed. You have not provided enough detail to say for sure if related expenses are claimable though. For example the costs of demolishing the old property cannot be claimed. You will need to look at our capital works deductions page for more information.
Thank you for your reply .
I meant the related expenses are survey cost, site classification, asbestos removal and engineering drawings. It will be great if you can advice regarding this as well.
thank you
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