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seabass

  • seabass replied to the topic Interest on IP’s and negative gearing question in the forum Help Needed! 14 years, 7 months ago

    yeah it made sense to me but I've learnt that if something makes sense, the ATO probably has a different opinion! Does anyone know how buying land and renting it out for a year or 2, then building my primary residence and living in it will be calculated when it comes time to sell and CGT?

  • seabass replied to the topic Repaying interest or principal on Investment Property in the forum Help Needed! 14 years, 7 months ago

    thanks all, the  mortgage on this loan has an offest that 100% of my pay goes into (I have a casual job that provides spending money), so I'll just keep piling the cash in there.Tim

seabass

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