Monthly archives: June, 2013

Deductions for building studio/granny flat

Question We own a 280sqm block with an existing house. We bought this property in January 2011 for $1M.We rented out the property for the first 18 weeks of ownership.The property is now valued at $1.1MWe plan to build a garage with a self-contained apartment above (the studio will have 35sqm living area of a …

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