Ok sorry guys….
Situation is we rent somebody else,s house as our PPOR. We are currently having an investment property built (with an investment loan) but are now considering moving into it ourselves on completion instead of renting it out. With reference to the CGT I was thinking of the land appreciating over the 12 months of the build as its currently classed as an investment. Do we pay CGT on the land component while the house is being built? (probably wouldnt be appreciating much at the moment at any rate!!). I am also interested to know if we change to a principal and interest loan next financial year when we move in will that effect all the tax deductions we are receiving this financial year from having it as an investment loan and build? Hope I,m making a bit more sense… Thankyou very much for your help.. P.S We live in W.A.