In 2019, Brian purchased a holiday home near the beach for use by his family on weekends for $850,000. Brian was required to pay $55,000 stamp duty in respect of the transfer. He borrowed money from a bank to fund some of the purchase price and paid $35,000 in interest on the loan. Last year, he also paid $45,000 to a builder to renovate the kitchen in the property. Required: Whats the cost base of the property?