discounted rent

  1. R

    Building a discounted new home rentback to builder for $1 a week - tax implications?

    What are the taxation implications of building a new home at a large discount, in return for allowing the builder to rent it back for use as a display home for 18 months at $1 per week? I've been told I can't claim the normal full tax deductions as it is an intentionally loss-making venture...