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The intention is most definitely to make a profit. to rent it out asap and also increase the value of the property overall. :confused: had a read but still as confused. Can't seem to find the info i'm after on the ATO site.

that would be the most logical I think. that had slipped my mid for a second. This does mean then that i cannot claim the interest expense on the loan to construct the granny flat I assume. I can only claim the interest expense after it is tenanted :confused: I need to chat to my...

well if it's of any help to anyone else, apparently if they have separate kitchens then you need to get 2 depreciation reports done.

Scenario is this: IP purchased and granny flat being constructed after obtaining approval from council. both dwellings will be completely separate, i.e. own bins, meters, entrances etc.... only the drive way is common, like a battleaxe would be. question 1 is can I claim deductions for the...