ganadara replied to the topic Is this PPOR? OR IP? in the forum Help Needed! 14 years, 2 months ago
I understood now. Thanks a lot~~, Terry!
ganadara replied to the topic Is this PPOR? OR IP? in the forum Help Needed! 14 years, 2 months ago
But remember you cannot claim capital works upfront, only depreciate it.
Sorry, could you explain a bit more? I'm not good at this.what's the "capital works upfront" for example? what's the "depreciate it"my main focusing of the claims are- interest of the PPOR loan- PPOR renovation fee- depreciations of PPOR buildingAre they "capital works" or…[Read more]
ganadara replied to the topic Is this PPOR? OR IP? in the forum Help Needed! 14 years, 2 months ago
Ah, then you meant that I can claim the renovation fee and interest even PPOR if I'm renting out?So is it possible to get whole exception of CGT in the following case?1. year 1: living – no claim2. year 2- 6: renting out – for this period I'm doing renovation, and claim the renovation fees and interest of the loan (with income reporting to AT…[Read more]
ganadara replied to the topic Is this PPOR? OR IP? in the forum it is reportable income. 14 years, 2 months ago
it is reportable income. On the flip side, you can also claim expenses
then is it possible to claim the interest of PPOR as the expenses in the renting period?Thanks.
ganadara replied to the topic Is this PPOR? OR IP? in the forum Help Needed! 14 years, 2 months ago
OK, I got it.Thank you all.
ganadara replied to the topic Is this PPOR? OR IP? in the forum Help Needed! 14 years, 2 months ago
Thanks.I have 3 properties "A", "B" and "C" and I'm renting at "D".You meant that I have to report the rental income for all 3 even I want to treat "B" as my PPOR. Righit?Then can I claim the rental fee of "D" as my expenses?And can I know the meaning of "reasonalbe person would…[Read more]