Search results

I'm not an accountant, but no one has chipped in yet. According to the ATO: So the way my simple mind reads this is that the cost base is "at market value" from the date you start (or stop?) earning income on it, but there is still a time apportionment on the balance of the gain. So...

Kaisha, I think there would be more potential issues if you were moving OUT of your PPOR and making it an IP. The scenario you describe is fairly straightfoward, without knowing more of your personal circumstances. Treat this simply as an IP. Maximise the rent, go IO on the loan and make...