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Thank you for your responses.
I haven't been seeking tenants as I really don't have the time, which is why we signed with a RE agent in the first place…maybe I should though.
But what happens if I find someone, how do I go about signing a contract with them? I wouldn't know the first thing about this!maree_bradross – we can't furnish the property as we have nothing to put in there unfortunately.
Hello everyone,
Am I even allowed to be doing this – purchasing my first home and renting it out for 6 months and THEN moving in….or do I have it all completely wrong?
What can I claim tax wise once we have the tenants in there? Can we claim things such as blinds, paint etc..
Any help would be much appreciated.Thank you for your advice v8ghia. We plan to do exactly that as I too have heard sopme shocking stories.
Can someone just clear up the following for me please. In another post I read the following comment –
If you move in immediately for at least 6 months and claim it as your PPOR, then you can keep it CGT exempt for up to 6 years…..
Will I have to pay CGT on the property if we rent it out for 6 months and then move in right after that? How do I get around this? Can we move in for one month to avoid this and then rent it out? Or are the laws different in VIC?
If I do have to pay CGT how do I work this out?
This is all so daunting!
