Recent content by zakstarfaria

  1. Z

    Purchasing IP for future PPOR

    Just to add to the above, my accountant seems to think that the purchase costs won't be tax deductible but the holding costs will be ie. insurance, interest etc. Does that sound right??
  2. Z

    Purchasing IP for future PPOR

    That was the answer I was hoping for!! I wasn't sure if our intention to live in it at some stage would be a factor in tax deductions in the meantime. Thanks for your help.
  3. Z

    Purchasing IP for future PPOR

    Thanks for the reply. So even if we aren't going to live in the IP for at least 5 years, we can't claim tax deductions in the meantime? We want to buy something reasonably soon but we are renovating our own house at the moment and won't be ready to move for a few years. :)
  4. Z

    Purchasing IP for future PPOR

    Hi there, I'm just wondering if anyone can give me any info regarding making an IP into our PPOR down the track? We own our current PPOR and want to buy an IP that we can move into when we are ready for a bigger place. Are there any rules about this as far as us claiming all the purchase costs...
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