Hey everyone,
Tried to find a thread with a similar question but couldnt find a definitive answer.
My gf brought an apartment (signed the offer & acceptance) on the 20/06/09. She has had an offer for the apartment that she is interested in accepting. The problem is she has just signed a rental agreement for the apartment starting from 30/05/2010 (the offer was a bit out of the blue). It has been a PPOR since purchase.
The people making the offer have said they can sign the offer and acceptance on the 29/06/2010, thus signing it before it is used as a rental, or they said they can also sign it after the 15/06/2010, meaning my gf would have had it for over 12 months.
Which one would be most beneficial for tax reasons?
Thanks very much
Tried to find a thread with a similar question but couldnt find a definitive answer.
My gf brought an apartment (signed the offer & acceptance) on the 20/06/09. She has had an offer for the apartment that she is interested in accepting. The problem is she has just signed a rental agreement for the apartment starting from 30/05/2010 (the offer was a bit out of the blue). It has been a PPOR since purchase.
The people making the offer have said they can sign the offer and acceptance on the 29/06/2010, thus signing it before it is used as a rental, or they said they can also sign it after the 15/06/2010, meaning my gf would have had it for over 12 months.
Which one would be most beneficial for tax reasons?
Thanks very much