All Topics / Legal & Accounting / PPOR into IP

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  • Profile photo of scheldonscheldon
    Member
    @scheldon
    Join Date: 2003
    Post Count: 9
    June 8, 2005 - 2:06 am

    Hi,
    We moved out of our PPOR and put it on the rental market. It only let after two months. Can I claim the two months worth of interest as a tax deduction or only from the time it was let?

    Thanks.

    Scheldon

    Profile photo of Mortgage HunterMortgage Hunter
    Participant
    @mortgage-hunter
    Join Date: 2003
    Post Count: 3,781
    June 8, 2005 - 2:22 am

    Scheldon,

    Generally it is from the time it was available to rent.

    Your tax advisor will be able to help you with this one.

    Cheers,

    Simon Macks
    Finance Broker
    [email protected]
    0425 228 985

    Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

    Profile photo of Robbie BRobbie B
    Member
    @robbie-b
    Join Date: 2004
    Post Count: 2,493
    June 8, 2005 - 5:50 am

    As long as it was available at market rent, you can claim.

    The Mortgage Adviser

    http://www.themortgageadviser.com.au
    [email protected]
    Essential Links

Viewing 3 posts - 1 through 3 (of 3 total)

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