That does help, but it sways me more to a repair deduction than capital work, although my interpretation may be incorrect:
1.The work you do needs to relate to the wear and tear of the property whilst it was an income-producing asset for you. — Yes, as a result of use and deterioration, although the tenants have only been there…[Read more]
No I dont own my parents property, I only own my first property where I lived in then started renting. and moved back to my parents.
I guess for tax purposes, I have one PPOR and that is the property that is currently being rented out!! So as long as I sell within the 6 years, or I move back in, then I am exempt from CGT?
I haven't…[Read more]