From: Lucinda Hudson
I will be going travelling for 6 months next year and intend to rent out my PPOR.
The current loan has been reduced from 145 k to 85 k and I estimate it will be about 70 k when I go. From previous postings I note that I should be able to clain interest on 70 k which I assume I will have to calculate manually.
Does anyone know whether I need to do anything else to ensure that expenses can are considered as tax deductable by the ATO as the original intention when purchasing the property was not as an investment.
Thanks
I will be going travelling for 6 months next year and intend to rent out my PPOR.
The current loan has been reduced from 145 k to 85 k and I estimate it will be about 70 k when I go. From previous postings I note that I should be able to clain interest on 70 k which I assume I will have to calculate manually.
Does anyone know whether I need to do anything else to ensure that expenses can are considered as tax deductable by the ATO as the original intention when purchasing the property was not as an investment.
Thanks
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