All Topics / Finance / investment property and tax

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  • Profile photo of vucko84vucko84
    Member
    @vucko84
    Join Date: 2008
    Post Count: 42
    April 4, 2011 - 3:53 am

    If I purchased an off-the-plan investment apartment in Melbourne a few years ago and settlement occurred about 6-months ago – it hasn't been rented or sold since – are the repayments (interest) and expenses tax deductable?

    Cheers, R.A.

    Profile photo of Mick CMick C
    Participant
    @shape
    Join Date: 2010
    Post Count: 1,099
    April 4, 2011 - 10:36 am

    Yes – if you have proof it;s for investmen purpose- Ie have a leased agreement btw you and the agent that cone the place is built it will be rented out and given to the agent to mange…

    Regards
    Michael

    Mick C | Shape Home Loans
    http://www.shapehomeloans.com.au/
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    Same Banks. Better Rates. Served With a Passion.

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