I am selling my investment property, I have been using the division 43 depreciation claim for the past 4 years. If I sell my property do I have to pay this back to the ATO.
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Not exactly. Any construction costs that have been claimed off income (rent) are excluded from the cost base. (the expense has already been claimed off income).
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Not exactly. Any construction costs that have been claimed off income (rent) are excluded from the cost base. (the expense has already been claimed off income).
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