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chappy58

7,494 Posts.

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07/02/24

19:03

Post #: 72290874
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Originally posted by blueballs: ↑

Capital works deductions are income tax deductions an investor can claim for the wear and tear that occurs to the structure of the property and items considered to be permanently fixed to the property. This includes any structural improvements that may have been made during a renovation within the relevant dates.

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You see this below, these capital works get added back in when you sell since you have claimed along the way.

I know from a recent sale and look what went in working at the CGT.

Actual fact.
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