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From: Kippy
Hi peoples,
Just a few questions re renting part of your PPOR.
1) If you rent say 2 bedrooms out of three can you simply claim 2/3rds of normal IP deductions ie interest,depreciations etc?
2)If not then is it figured out on an area basis? 2 bedrooms are actually 5/9ths of the total bedroom area so you can claim 5/9ths of normal deductions?
and last but not least
3)I presume that this will have a major effect on CGT if the prop was ever sold. What is the CGT implications of renting part of your PPOR?
Thanks in advance for you ideas and comments.
Cheers,
Kippy
Hi peoples,
Just a few questions re renting part of your PPOR.
1) If you rent say 2 bedrooms out of three can you simply claim 2/3rds of normal IP deductions ie interest,depreciations etc?
2)If not then is it figured out on an area basis? 2 bedrooms are actually 5/9ths of the total bedroom area so you can claim 5/9ths of normal deductions?
and last but not least
3)I presume that this will have a major effect on CGT if the prop was ever sold. What is the CGT implications of renting part of your PPOR?
Thanks in advance for you ideas and comments.
Cheers,
Kippy
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