All Topics / Help Needed! / Changing from PPOR to an Investment

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  • Profile photo of Tony FlemingTony Fleming
    Participant
    @the-dark-knight
    Join Date: 2008
    Post Count: 396
    January 5, 2010 - 12:00 pm

    Hey fellow investors i was just wondering with my current property which is my PPOR i am going to be moving out and renting it out to my brother. Wanting to take advantage of negative gearing for the moment do i need to do anything like change the title on my home loan from PPOR to investment or anything like this? sorry im sure this has being asked before but it can be quite confusing at times.
                     Cheers
                               Tony

    Tony Fleming | Triumphant Property Group
    http://www.triumphantpropertygroup.com.au
    Email Me

    NSW Buyer's Agent specialising in Western Sydney-Blue Mountains-Orange-Albury

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    January 5, 2010 - 10:15 pm

    Nothing changes. You just claim the costs on your tax return.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of Tony FlemingTony Fleming
    Participant
    @the-dark-knight
    Join Date: 2008
    Post Count: 396
    January 6, 2010 - 12:15 am

    Thanks champ

    Tony Fleming | Triumphant Property Group
    http://www.triumphantpropertygroup.com.au
    Email Me

    NSW Buyer's Agent specialising in Western Sydney-Blue Mountains-Orange-Albury

Viewing 3 posts - 1 through 3 (of 3 total)

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