• Are you in the business of renovating properties?

    Overview

    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