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We are currently building a property which we have decided to keep and rent out. Construction due to be completed after June 30.
In the interim, are you able to claim the interest payments on the constrcution loan even though it is not drawing an income yet? Or does it start to be an investment when you start to derive an income from it?
Cheers.
[biggrin]
Hi ET,
You can claim holding costs being interest, rates, insurance, etc as long as your intention is to rent the property once practical.
regards
ross
Viewing 2 posts - 1 through 2 (of 2 total)
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