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If you buy a property and make it you PP0R and live in for say 3 months, and then move out and rent it out for 4 years or so then move back in again, can you still deduct home loan interest expenses when doing tax return for those 4 years in which it was rented out?

Thanks for that. Does anyone know or have any good tips of ways for minimising paying Capital gains tax? Just thinking ahead.

He He! Thanks for that. That one would have sliped my mind!

Hi skater, Thanks for that! :D I haven't yet used my FH0G. If i wanted to nominate this next property as my PP0R would i have to use the FH0G? or can i defer the FH0G onto my next purchase and still make this purchase my PP0R?

Thanks andy. Do i have to live in it though for a certian period of time before i move out? During the 6 years in which i move out am i able to rent it out and still be exempt from the CGT or must i leave in vacant?

Hi guys, If i was to make my next IP purchase at some stage my PP0R for say a year of so, when selling the home in the future, will this mean i will be exempt from paying capital gains tax? or will i only be exempt from paying CGT for the year in which i lived in it? What are ways to minimise...