Hi
I found a brand new house which I like for myself...but not just yet, probably within 5 years (family plans)....does it make sense to buy it as IP, rent it out for 5 years then move in and turn it into PPOR ? What are the tax implications of this move ? My train of thought is that it'll be negatively geared while IP and high depreciation tax offset as it's brand new....but not sure how it works when converting it...also, confused about GST on a brand new house built by other individual....appreciate guidance
Cheers
a.
I found a brand new house which I like for myself...but not just yet, probably within 5 years (family plans)....does it make sense to buy it as IP, rent it out for 5 years then move in and turn it into PPOR ? What are the tax implications of this move ? My train of thought is that it'll be negatively geared while IP and high depreciation tax offset as it's brand new....but not sure how it works when converting it...also, confused about GST on a brand new house built by other individual....appreciate guidance
Cheers
a.
