we have bought a property that we wish to move into as PPOR. (it is in town and we have always lived out/ no near neighbours etc. We will rent our current PPOR making it "investment."
We think it will be a reasonable investment property being 200m from the ocean.
QUESTION: if we try living in the purchased property for say 12 months and it suits us we intend to stay if we can afford the payments etc. We realise it is not tax deductible if it is PPOR. However, if we decide to move BACK what are the tax implications?? Thanks
We think it will be a reasonable investment property being 200m from the ocean.
QUESTION: if we try living in the purchased property for say 12 months and it suits us we intend to stay if we can afford the payments etc. We realise it is not tax deductible if it is PPOR. However, if we decide to move BACK what are the tax implications?? Thanks
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