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    How apportion Main residence & Granny Flat in 2-storey house?

    Thanks again Paul I've been reading up on tax issues the last few days and have come to the conclusion that it's not my favourite subject. I'm thinking now of using the Granny Flat in other ways - maybe for a house sitter during periods when we are away - free accommodation in return for...
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    How apportion Main residence & Granny Flat in 2-storey house?

    Thanks Paul. Once the house is built we'll live in the main part and rent out just the granny flat part. So I'm presuming that sometime down the track we or somebody else will have to pay CGT on the part that was rented out. Maybe the simplest thing is to go by the % of total floor space for...
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    How apportion Main residence & Granny Flat in 2-storey house?

    Hello, hope you are able to help me do the right thing We will have a two storey house built soon. It will include a 'Granny Flat' which will be rented out. Because we are in a flood prone region we will have the Granny Flat built on a 'Workshop' or Garage below that will be for our use only...
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