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SELLING AN INVESTMENT PROPERTY? CHECK YOUR COST BASE!


When selling an investment property it is important to know the full cost base of the asset.


The cost base can include the purchase price and costs associated with acquiring, holding and disposing of the property, such as legal fees, stamp duty and real estate agent’s commissions.


Amounts that you’ve already claimed as a tax deduction are excluded from the property’s cost base.

For more information please click on the link below:

The content within these articles was correct at the time of writing. Please contact us for updated information and advice. 

We provide accounting and wealth management services to clients in Woodend, Gisborne and Macedon Ranges areas within Victoria Australia.

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