I plan to use FHOG and then turn half of my PPOR into IP. (renting out a room)
Do you guys know if I can cliam depreciation for my building and furniture after the first 6 months period ? even if its for the furniture that was purchased during the 1st few months of my ownership before I convert half of the house into an IP ?
If this is possible, it would just be 50% right ? As for other sort of deductions like interest rates, body corp etc. Do you knowhow to go about it ?
Do you guys know if I can cliam depreciation for my building and furniture after the first 6 months period ? even if its for the furniture that was purchased during the 1st few months of my ownership before I convert half of the house into an IP ?
If this is possible, it would just be 50% right ? As for other sort of deductions like interest rates, body corp etc. Do you knowhow to go about it ?