Recent content by rodnbeh

  1. R

    Building a discounted new home rentback to builder for $1 a week - tax implications?

    Thanks very much to jacee, Aaron C, Rolf and coastymike. I have had an advice from my accountant and he explained that the $1 a week rent would not allow me to claim deductions and he explained the difference between income and capital gains. He further offered the first and, less...
  2. R

    Building a discounted new home rentback to builder for $1 a week - tax implications?

    What are the taxation implications of building a new home at a large discount, in return for allowing the builder to rent it back for use as a display home for 18 months at $1 per week? I've been told I can't claim the normal full tax deductions as it is an intentionally loss-making venture...
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