Hi All
Quick question:
I am in SA.
PPOR
I let my daughter live in the property for about 4 months rent free before renting it out with a property manager etc.
Now its coming up to the six years and need to make a decision whether to mover back or not. RE: CGT considerations if I sold in the near future.
When is the start date of the property being deemed as an investment property is it from When you move out and vacate the property or when you actually start to rent the property and producing income.
Is there a ATO link anyone may have for this answer
Regards
Stargazer
Quick question:
I am in SA.
PPOR
I let my daughter live in the property for about 4 months rent free before renting it out with a property manager etc.
Now its coming up to the six years and need to make a decision whether to mover back or not. RE: CGT considerations if I sold in the near future.
When is the start date of the property being deemed as an investment property is it from When you move out and vacate the property or when you actually start to rent the property and producing income.
Is there a ATO link anyone may have for this answer
Regards
Stargazer