Currently have A PPOR and want to buy an IP. Being new to this property scene was reading a few of these posts -I have realised that if I buy another house and move into it I cant claim anything from the TAXMAN for this new house since the Purpose_of_the_loan wasnt Investment. Which makes sense. But does the mean I cant claim anything on the current house(which will be made an investment then) since the purpose of the loan (when I bought this current house) was not Investment either?
Whats the best way to swap PPOR and IP? (to be able to claim tax)
Completely different question:
Want to get an accountant as well- can anyone please suggest someone(in Northern Melbourne preferably). Or hints/tips on how I go about looking for a good one?
Also how much do decent accountants charge? (How do they "Calculate your bill" considering they must get a lot of phone queries etc). Sorry if it all sounds real trivial but gotta start somewhere
Whats the best way to swap PPOR and IP? (to be able to claim tax)
Completely different question:
Want to get an accountant as well- can anyone please suggest someone(in Northern Melbourne preferably). Or hints/tips on how I go about looking for a good one?
Also how much do decent accountants charge? (How do they "Calculate your bill" considering they must get a lot of phone queries etc). Sorry if it all sounds real trivial but gotta start somewhere
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