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Ok. So I'm thinking it must be different when building then. When buying a place and doing a reno it isn't claimable until the property is available for rent. Thanks for clearing that up. That's goood news for the OP then. :D

When you claim tax deductions it is against any income derived from the investment. As you are not earning any income there is nothing to deduct against. In other words- You can only claim while the IP is being rented or is available for rent. If it is still being constructed it is...