Hi Community,
I have 2 questions related to the cost base of asset.
- I periodically rented out my house. (E.g moved in - rented out - moved in - rented out - sold the house). I claimed the borrowing interest expenses in the renting periods. Can I include the non-deductible interest expenses (not in the renting periods) in the cost base of asset for calculating CGT?
- I installed a new kitchen before I rented out my house. At that time, I thought I renovated it for my family to live in. So I didn't keep the invoices. Can I use estimated cost of the kitchen to include in the cost base of asset for calculating CGT?
Many Thanks,
Bluebirds
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312 views
4 replies