I intend buying a property to live in, however, it will be in a different place to where I currently live. I have occupation supplied accomodation where I currently live. My intention is to move to the area I want to buy in, however ultimatley I have to get a transfer to such a place and there is no guarnatee of such a transfer etc.
I currently have no property.
Now I intend to purchase it as owner occupied, but naturally enough until I can get there I want to rent it out, so I only intend to pay owner occupied stamp duty etc on loan.
My problem is that In reality no matter how much I may want to move there, it is possible that I may never be able to because there may not be a position available. My first concern is the stamp duty ( I live in Qld and will buy in Qld)
Can I buy it as owner occupied and then rent it out without paying stamp duty for investment purposes, under the above conditions
I am asking because whilst I can ask accountants etc, I have a distinct experience that many accountants don't know many things and can give you incorrect advice etc. So I want to be forearmed when I have such discussions with my accountant etc.
thanks
I currently have no property.
Now I intend to purchase it as owner occupied, but naturally enough until I can get there I want to rent it out, so I only intend to pay owner occupied stamp duty etc on loan.
My problem is that In reality no matter how much I may want to move there, it is possible that I may never be able to because there may not be a position available. My first concern is the stamp duty ( I live in Qld and will buy in Qld)
Can I buy it as owner occupied and then rent it out without paying stamp duty for investment purposes, under the above conditions
I am asking because whilst I can ask accountants etc, I have a distinct experience that many accountants don't know many things and can give you incorrect advice etc. So I want to be forearmed when I have such discussions with my accountant etc.
thanks