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Thanks Terry. Appreciate your input

Thanks Peter. So it is only the original loan amount used to purchase the property that can be used for negative gearing. I thought that maybe because it was not an IP at the time of buying, that the value of the property when it became an IP could be used as the price and therefore any...

Hi, I have a scenario on a property that I would like feedback on. Let's say a property was bought in the individuals name for $500k with a $400k loan, and has been lived in as owner occupier since bought. Now several years later the property is worth $1 mil, and the owner is moving out...