All Topics / Legal & Accounting / Investment property

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  • Profile photo of molkenrmolkenr
    Member
    @molkenr
    Join Date: 2003
    Post Count: 15
    February 9, 2006 - 11:03 am

    I have lived in a new build house as main residence for 6 months. Am now moving out to live in a friends property with a view to selling the new house. Can I now claim this as an investment property?

    Please help or point me in the right direction for tips and advice.[evo]

    Profile photo of DerekDerek
    Member
    @derek
    Join Date: 2004
    Post Count: 3,544
    February 9, 2006 - 11:45 am

    You will be able to treat the property as an investment property and claim all allowable deductions.

    You will also be able to identify this property as your home for a further 6 years provided you do not buy another home in the meantime.

    Derek
    [email protected]
    http://www.pis.theinvestorsclub.com.au
    0409 882 958

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