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  • Profile photo of PaulBBPaulBB
    Member
    @paulbb
    Join Date: 2006
    Post Count: 3
    April 11, 2006 - 4:11 am

    The info does help heaps,

    Unfortunately I was hoping that renovating the unit could be tax deductable and I would be slightly dodging up the system but unfortunately from what you have said this is not the case.

    Thanks heaps for the posts.

    Profile photo of PaulBBPaulBB
    Member
    @paulbb
    Join Date: 2006
    Post Count: 3
    April 11, 2006 - 2:12 am

    Thanks HEAPS for the reply,

    Does this mean I could get the first home buyers grant live in it for six months (or twelve which I think is what is required for the first home buyers grant) do minimal renovations (not tax deductable).

    Than rent it to my girlfriends sister at a reduced rate, keeping records of her renting & than renovate claiming the renovations as a tax deduction? & how long would she have to be renting before I could renovate?

    Thanks again Simon!

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