Your Investment Property forum is the place for positive industry interaction and welcomes your professional and informed opinion.

Help with tax deductible items please

Notify me of new replies via email
Sydney | 18 Jan 2016, 10:29 AM Agree 0
Morning all

My husband and I are moving back into our IP in February for 6-12 months and would like to repaint the inside walls/ceilings as they are looking a bit shabby. Do you know if we are able to claim the cost of this back please? I’ve had a look at various websites and the ATO website but can’t see any mention of painting.

Regarding CGT – we have had our property since 2011 and lived in it for 1.5 years and have rented it out from 2012 to now. If we move back in for 6-12 months and then decide to sell it, would we have to pay CGT please?

Any help would be very much appreciated :-)

Thanks so much
Sydney
Post a reply