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Boogle
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@boogle
Join Date: 2004
Post Count: 3
November 2, 2004 - 7:42 am
Yes, will have to check on council information…
At the moment I believe I could get the loan fine, my concern is can I claim these expenses, and loan interest on tax?
If I cannot claim the interest and expenses on tax, it becomes more like an extension to my own house then an investment…
In fact if that was the case, I would consider buying a new house, making this one an investment, and then doing the renovations (granny flat etc) as everything done then I could claim.
Moving house though is a very big decision, so it would be easier if I could just claim all the costs for the granny flat as an investment.
The reason why I think i may not be able to claim the costs for tax, is because it is not currently being used as a rental room, therefore is not currently an investment, and therefore I may not be able to claim any expenses until the room has been finished and a renter found!!!
Boogle
Participant
@boogle
Join Date: 2004
Post Count: 3
November 2, 2004 - 5:50 am
It sounds like it is a bit late now, but what I would have done straight away, is asked for either the report, or the company they had the report done through.
That way you have options, you will know where the damage is, what sort of damage, and you can also get quotes from repairers… You can also easily find out if it is false information.
If they don’t want to hand over the report, it is most likely false.
If they do hand over the report, you might find it will only cost $5k to repair, and you can give that offer to them.
So that would have been my option: To simply say, the report we had done shows no damage, can we please get a copy of your report. There is no reason (unless it’s a scam) that they will not show you the report.