eddiec wrote:

Terryw wrote:
if the renos were done to improve the house that you are going to be making rental income out of, then the interest should be deductible.

I agree with Terry – the interest on the loan in relation to the renovations will become tax-deductible when the property becomes available for rent.  Should also see if you…[Read more]

Qlds007 wrote:
Alternatively, would I be better off transferring the house to myself (higher income) and negatively gearing the full market value ($350K) and wear the stamp duty costs?This will depend on numourous factors including: Your marginal Tax rate, the State in which the property is located, how long you intend to keep the property,…[Read more]