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  1. Luv2Travel

    Accountant says dont need to do anything...not sure if he's right?

    It does seem logical to me. You buy a property as an IP you are expected to keep all your documents for tax. You buy as a PPOR, one may never expect to rent it out and may not hold onto all their records for 10 years or whatever before renting it out, so seems logical to be able to use a...
  2. Luv2Travel

    Accountant says dont need to do anything...not sure if he's right?

    Agree with Dan C, however remember that for the period it is your PPOR and you can't claim your holding costs as tax deductions, to keep records of it all because they will at least get added to your cost base to reduce any capital gains tax when/if you sell.
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