Loading
This thread is archived and the information may not be up-to-date. You can't reply to this thread.
Siri(Enthusiast)Enthusiast
12 Oct 2023

Hi


Main residence bought on Feb 2011.

This property first rented out on Sep 2014.

Sold property on Jan 2023.


Cost base

Could Legal fee and stamp duty when bought on Feb 2011 included in cost base at the time property sold?


Thank you in advance

371 views
3 replies
371 views
3 replies

Most helpful response

Most helpful reply

Bruce4Tax(Taxicorn)Taxicorn
13 Oct 2023

Could Legal fee and stamp duty when bought on Feb 2011 included in cost base at the time property sold?


No - all CGT costs prior to date first rented are replaced by the valuation on that date.


All replies

Most helpful reply

Bruce4Tax(Taxicorn)Taxicorn
13 Oct 2023

Could Legal fee and stamp duty when bought on Feb 2011 included in cost base at the time property sold?


No - all CGT costs prior to date first rented are replaced by the valuation on that date.


Loading
Main Residence changes to investment property | ATO Community