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Shorty - That seems to sit with the view in Steele's decision. The INTEREST cost accumulates and can be claimed when its available for rent. Steele's case concerned a site where ALL where built for rent.

The above items could be addressed differently and wouldn't be unreasonable either. Arborist report and actions are required on two lots but relate to the whole DA. Water very trivial and just 1/3rd each may be easier. I have never seen ATO query the small stuff. The land and the build works...

The apportionment basis is one for a valuer ** to APPORTION the existing land cost based on a reasonable basis. 1. If its all VERY homogenous land you could DIY based on m2 2. If its non-homogenous land (ie trees on one, sewer easement on another and water access to third) then get a...

Assuming you propose to sell, the only difference between using cash and borrowed funds is that the interest cost would reduce the profit on sale...when sold - not during the build. If you plan to keep, using borrowed $ is smarter as you then end up with interest to offset the income etc