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Agree....No better reason to obtain personal tax advice. Deciding to develop later or being half hearted or even mixed use could pose a concern. As you say the decision is very different to some views.

Jess - the best evidence is fact....When construction is completed and its an IP. Otherwise the ATO might argue evasion and seek an open ended period to amend instead of the two/four years normally. Yes - All those docs help. Watch the DA application too. Don't apply for owner occupier...

s8-1 contains a nexus between interest being incurred and an expectation or receipt of assessable income. Steele's case considered this very matter and the issue of interest being incurred prior to receipt of income due to construction. This decision was based on the old law contained in s51(1)...