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Residential to Investment
True, yeah ive been doing a lot of reading on CGT so thing I have that side of it well and truly down pat. Will try and get the most favourable valuation as its all renovated and schmick now.- Brett IP
- Post #7
- Forum: Accounting and Tax
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Residential to Investment
Very True, in my case it wouldnt jsut be to save on IP stamp duty, which for me is $7150, it is also to access all the equity to use in our next house. Its never financially beneficial to have a little loan on an investment house and a complete mortgage (80 or 90%) on a residential house so...- Brett IP
- Post #4
- Forum: Accounting and Tax
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Residential to Investment
Quick Question - If I purchase a residential house with a full 90% loan (so LMI paid) to live in, and live in it for 12 months (Avoid IP stamp duty), then turn this into an investment house and move onto another property, can I just straight away start claiming the interest expense from the date...- Brett IP
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- Replies: 6
- Forum: Accounting and Tax