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I believe one has to be careful here. Below is my understanding: Stamp Duty is State revenue and the rules are different for each State. In Qld, any change of ownership on titles incurs Stamp Duty, whether PPOR or IP - eg last yeat, I change my PPOR to 1% me, 99% partner and had to pay S/D...

I understood the ATO stopped people capitalising their interest - I can't remember if they stopped people capitalising their expenses. Need an accountant (again) - Dale, NickM, others??

BUT IT IS CGT FREE WHEN YOU SELL - the average family sells every 7 years. A close friend of mine just sold his PPOR and made $825K tax free in 3.5 years. If it was an IP, he would be up for $206,250 or thereabouts in CGT. Bloody hell- lucky it was his PPOR.