Recent content by Dan20

From an old thread: http://somersoft.com/forums/showthread.php?p=187139#post187139

Hi all, I've read that interest can not be claimed for an IP while it is under constuction. So only after it is occupied can interest be claimed. Interest for the construction period gets applied to the capital gain calculation at sale time instead. If correct, is this also true for all...

Hi everyone, I'm looking at an investment/upsizing plan and would much appreciate the opinions of those with more knowledge than me.. which I would say is most of you ;) The basic plan is to build a 4 bedroom house due to our current house being too small for 3 kids, then rent it out for...