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From: H T
Has anyone ever been audited by the ATO having to prove that their primary residence is indeed their primary residence. The reason i ask this is that I'll be moving into my new apartment for a couple of weeks, but due to circumstances im going to unload it.
The loan will be an investment loan (cause i dont have the equity to cover a owner occ loan,- yes im lying to my lender)however, i'll be able to prove that this is my primary residence with bills, licence change etc. to the new address as i really will be moving into it for a "little while".
Will the ATO go to the extent of serving a subpoena on the bank where i got my loan as this will be the only evidence that it may of been an ip because of the nature of the loan, or will they just need some proof that i lived there?
Its the intention of the owner that has to be proved - when i purchased this flat it was my intention to live in it but my situation has changed..
I have another flat that is definitely only an ip
any help appreciated
thanks
HT
Has anyone ever been audited by the ATO having to prove that their primary residence is indeed their primary residence. The reason i ask this is that I'll be moving into my new apartment for a couple of weeks, but due to circumstances im going to unload it.
The loan will be an investment loan (cause i dont have the equity to cover a owner occ loan,- yes im lying to my lender)however, i'll be able to prove that this is my primary residence with bills, licence change etc. to the new address as i really will be moving into it for a "little while".
Will the ATO go to the extent of serving a subpoena on the bank where i got my loan as this will be the only evidence that it may of been an ip because of the nature of the loan, or will they just need some proof that i lived there?
Its the intention of the owner that has to be proved - when i purchased this flat it was my intention to live in it but my situation has changed..
I have another flat that is definitely only an ip
any help appreciated
thanks
HT
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