I have purchased a holdiay home in the last 12 months it was more of a life style choice. I have 2 mortgages. The holiday home is in an excellent location with water front views and over time should double in value. I plan to hold on to my holiday home for a long period of time, eventually selling either the holiday home or my home. I was wondering if some one would give me some advice on whether i should rent out my holiday home at times and claim the holiday home on tax??????? It wouldnt be rented out very often as we use it a bit. If we rented it out would this be negative gearing???? would this be a wise thing to do??? I hope this makes sense and some one can help me!
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