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Rob, That's how I interpreted it as well. And that was what the ATO guy said too. Kev

Hi Rob, From the guide: Rental Properties 2008 "If you prepay a rental property expense – such as insurance or interest on money borrowed – that covers a period of 12 months or less and the period ends on or before 30 June 2009, you can claim an immediate deduction. A prepayment that...

I rang the ATO and asked them the specific question. They said to claim the entire prepaid amount in this years (08-09) tax return, and to submit an amendment request for the 08-09 year (stating the non tax deductible amount) if I was to move back into the property sometime during the 09-10...

Thanks for all the great information that has been shared by everyone to date. I moved out of my PPOR and rented it out and as a result for the 08/09 financial year have claimed deductions pro-rata for water rates, council rates and insurance. In January next year (2010) I am thinking of...