Are you in the business of renovating properties?


If you renovate one or more properties, you need to work out if you:

  • are a personal property investor
  • have entered into a profit-making activity of property renovations
  • are in the business of renovating properties, or
  • have undertaken renovations that constitute substantial renovations.

Note: Your conclusion will affect your tax obligations and entitlements.

    Last modified: 17 Feb 2016QC 18014