Recent content by rodnbeh

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...

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...