Ability to add land tax, rates and insurance to cost base for property not making income

Question

 · Accepted Answer

Taxduck · Answer

Depends when it was acquired. Before 21 August 1991 answer is no. After, answer is yes. See cost base of assets (element 3) Cost base of assets | Australian Taxation Office (https://www.ato.gov.au/individuals-and-families/investments-and-assets/capital-gains-tax/calculating-your-cgt/cost-base-of-asset#CostBaseElement3)

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