Empty bushland

[MichaelM]

Has anyone successfully been able to negative gear on vacant land (where not yet zoned for building) by leasing out the land for other purposes?

How would you document this sort of lease; you couldn't use a residential lease agreement if the block is vacant.

 

[MarkB]

Michael

If you haven't already seen them, have a look at:

http://www.somersoft.com/forums/showthread.php?s=&threadid=8253&highlight=agistment

http://www.somersoft.com/forums/showthread.php?s=&threadid=5103&highlight=agistment

Mark

 

[MichaelM]

Thanks Mark.