Just checking my assumptions are correct...
Bought a property with FHOG. It was tenanted and still had a few months on the lease, so I waited three months after purchase then moved in.
First 3 months = IP (claim income & deductions on tax return)
After I moved in = PPOR (don't claim anything on tax return)
Am I right?
Bought a property with FHOG. It was tenanted and still had a few months on the lease, so I waited three months after purchase then moved in.
First 3 months = IP (claim income & deductions on tax return)
After I moved in = PPOR (don't claim anything on tax return)
Am I right?