Hi,
My wife and I are looking at purchasing a property, initially as an investment and further down the track as a principal place of residence. Does the bank have different lending criteria for investment loans and PPOR loans? Or does it purely depend on the figure that you are asking for and your serviceability? Is there a minimum period that the property must be an investment for?
For a property purchased in the above scenario, what are the tax implications when it is sold? I believe capital gains tax is assessed on the period that the property was an investment? Is this correct?
Any help would be appreciated.
Cheers.
My wife and I are looking at purchasing a property, initially as an investment and further down the track as a principal place of residence. Does the bank have different lending criteria for investment loans and PPOR loans? Or does it purely depend on the figure that you are asking for and your serviceability? Is there a minimum period that the property must be an investment for?
For a property purchased in the above scenario, what are the tax implications when it is sold? I believe capital gains tax is assessed on the period that the property was an investment? Is this correct?
Any help would be appreciated.
Cheers.