7. Renovate and sell.
If your intention was to renovate and sell at a profit, rather than a long-term income producing investment, you may be taxed on the entire profit as a "profit-making scheme". It falls outside the capital gains tax (CGT) rules so you will not be eligible for the 50% CGT concession mentioned below.
8. Body corporate fees. Body corporate fees are generally deductible. However if a component is for a special-
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