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Thanks Paul. Good advice as usual. I claim mine as you explain but I had heard many people claiming it quarterly during the build process.

Slightly off topic but how are you managing the GST you have claimed via your BAS for the ones which were going to be sold but now not? My accountant would beat me with a stick :) I think the answer to future projects is to spend the money on getting a depreciation report so that it's there...

I'm curious too about this.

MTR do you have a depreciation report for the property so you can claim depreciation for the time it is/was tenanted? I'm a big believer in depreciation and all it's benefits. I recall my holiday reading one year was Scott's (depreciator) e-book on depreciation - hubby laughed, but then...