Doogs, this is what my accountant has told me today, before I read your comments, thanks so far. When I move from my current PPoR, into the investment property, I will be unable to make any tax deductions on the investment property because it will become my new PPoR. This makes sense to me. The trap that I am being advised is that my current PPoR when it is rented, will not be able to have any deductions. On top of this, all rent will be income and taxed at my marginal rate. Therefore with no deductions now on either property and income tax on the rent of my original PPoR, I will be hit very hard. Which parts of the above sound right? Is there somewhere you, or anyone, can direct me for the facts on correctly making this move. CGT to me is not an issue, it is a consequence of government rules and therefore unavoidable. Great to here your comments.