Hi all,
We are looking at renting out our ppor for approx two years while house sitting for our parents rent free.
My question is can we now claim interest/depreciation etc on our ppor that has now been converted to an IP for this two year period.
As I understand it, we can rent it out for up to six years without CGT being applied providing it remains our ppor for that period.
But can we claim interest etc now for that duration:
Also are there any dangers in doing this.
Apart from crap tenants?
Thanks
We are looking at renting out our ppor for approx two years while house sitting for our parents rent free.
My question is can we now claim interest/depreciation etc on our ppor that has now been converted to an IP for this two year period.
As I understand it, we can rent it out for up to six years without CGT being applied providing it remains our ppor for that period.
But can we claim interest etc now for that duration:
Also are there any dangers in doing this.
Apart from crap tenants?
Thanks