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I AM using you guys Scott! Girl on phone didn't 'advise' what I should do - just told me you survey the whole property but indicated she thought that was standard. Either way I'm going to ask the tax department so I have the ruling because I think I should be able to claim straight up 40% of...

Ohhh I did not know one could do that. Found the page. Will submit request and update this post once I get an answer

I did that already. Stuck everything extra into an offset account and some direct onto the mortgage. Then decided to access it to invest and spent months talking hubby into agreeing to it because accountant thought it best to leave it in PPOR.

I know accountants aren't financial advisors and that's why I did make up my own mind :) I didn't get into detail on the rulings with him. He just said he goes to tax seminars constantly to keep up with the latest and his opinion was that the ATO was looking very closely at IP and what's...

Thanks. That makes the most sense to be also. It seems stupid that if I make a capital improvement that my accountant doesn't allow me to have the trust cover 40% of the cost even though it will benefit from the sale. Seems to me the same should apply for the depreciation schedule. I think...

I'm about to arrange to have my split PPOR/IP surveyed. It's a four story townhouse, completed in Dec 2007. 60% of the property is owned by me and includes the 'better parts' of the building. 2 bedrooms, 2 bathrooms, the terrace, balcony and kitchen 40% of the property is owned by my...