Hi Davidc,
Should you have purchased a property without a tenant and then found a tenant to rent it out to after purchasing the property during the initial 12 month period, the OSR would have a very strong grounds to disclaim your $7,000 grant.
is that true davidc, or could you simply justify yourself, to the OSR as interpretation of the agreement binding/allowing you to the FHOG, if you were to try to have it as much as possilby tenanted, and then move into the property in the last months.
Or am i stepping on some, loose grounds?
like for eg.. what if i was to do this… would this still be FHOG legal, plus capital gains tax free, plus lets say the property was -vely geared… can i possibly get away with this…. as this is my intentions later on down the track.
Heres is the example,
Purchase -ve geared property, have it tenanted, move in, on the 12th month, then further live in the property for 6 months, this in turn would turn the property into my PPOR, by which i would also use 1 of the bedrooms as an office to claim a further tax benefit and then after my 6 months sell the property and use the 6 year rule… to claim full capital gain.
but all in real reality…
1. claim tax benefits in -ve geared property
2. claim FHOG
3. claim percentage of property as 25% used for business purposes
4. use 6 year rule and avoid capital gains taxs
5. and if deprecitable will also claim that too (during the tenanted period)?
is this all legally possible, or am i stepping on some loose grounds (loop holes)?
anybody? [:o)]
Cheers,
sis
People 4get that by saving just $3 a day & investing it sensibly
over a working life, you’ll end up with around $1 million
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