I need to sell my holiday house which has been used solely for the purpose of family stays, no income has been derived from the property. The property is 6 years old. What expenses can I claim to reduce CGT? Can I claim council rates, building insurance, etc. Most information centres on the sale of rental holiday house. So I/m a bit confused. Thank-you for all replies.
Should be the expenses related to the holiday home. Such as council rates, land tax, insurance, repairs, renovations and so on.
Should be the expenses related to the holiday home. Such as council rates, land tax, insurance, repairs, renovations and so on.
Why can’t you claim these costs if the property was acquired before 21 August 1991 but after 20 September 1985? What is it about this (almost) six year period?
We acquired our non rental holiday home in 1989 and understand liability for CGT if we sell, but don’t understand why above mentioned expenses can’t be used to offset.
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15 Apr 2026 · 4 min read time
15 Apr 2026 · 8 min read time
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