So if as a private individual I want to buy land and build a premises on it down the line to rent it out how long have I got? It appears it only has to be your intention to build and rent out and you can negative gear it? This is an extract from an ATO publication; How long has one got to make use of this and what happens if you then decide to sell it before building because you got a DA for several blocks up on it? As an alternative and this does not seem clear, what happens if it is leased out for say grazing? Can you negative gear that?