I made a call to the ATO and was advised that expenses...

  1. 7,054 Posts.
    lightbulb Created with Sketch. 218
    I made a call to the ATO and was advised that expenses (including interest, selling costs etc) can be used to reduce the capital gain which equates to paying less tax. So I'm happy. Have to run it by my accountant though.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.