See also
- Capital gains tax
- Business or hobby?
- Goods and Services Tax Ruling GSTR 2003/3 Goods and services tax: when is a sale of real property a sale of new residential premises?
- Capital gains tax property exemption tool.
For help applying this to your own situation, phone 13 28 61.
Work out whether your renovation is classified as 'a profit-making activity' and how it will affect your tax obligations and entitlements.