Here is my situation, I am returning from the UK after living here for a few years, I rented out my PPOR effectively turning it into an IP.
On my return I plan on moving back into that property until we find a new place.
What I need to know is can I claim the depreciation on that property for the two years it was an IP? and any deductible losses as well?
Also, would it make more sense to move into a rented property while we look for a new PPOR and leave the existing IP as is...?
On my return I plan on moving back into that property until we find a new place.
What I need to know is can I claim the depreciation on that property for the two years it was an IP? and any deductible losses as well?
Also, would it make more sense to move into a rented property while we look for a new PPOR and leave the existing IP as is...?