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Rental Property

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Newbie

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Replies 1

Hi,

 

I have a query on my rental property that I was wondering if anyone can assist me.

 

If I have incurred building and pest inspections on my rental property prior to me purchasing it, would this be deductible immediately or would I add this to my cost base when I go to sell the property and lower my CGT payable?

 

Thank you,

 

Regards,

 

Dylan

1 ACCEPTED SOLUTION

Accepted Solutions
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Best answer

ATO Certified

Taxicorn

Replies 0

Added to your cost base when selling

 

https://www.ato.gov.au/General/Capital-gains-tax/Your-home-and-other-real-estate/Calculating-the-cos...

 

Pest control is deductable not Pest Inspection.

 

1 REPLY 1
Highlighted

Best answer

ATO Certified

Taxicorn

Replies 0

Added to your cost base when selling

 

https://www.ato.gov.au/General/Capital-gains-tax/Your-home-and-other-real-estate/Calculating-the-cos...

 

Pest control is deductable not Pest Inspection.