All Topics / Finance / Invest and rent to sibling

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  • Profile photo of tiger14tiger14
    Member
    @tiger14
    Join Date: 2012
    Post Count: 3
    April 15, 2012 - 4:07 am

    Can i invest $1ook equity from my PPOR for a property and allow a sibling to rent it and still claim it as IP?

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    April 15, 2012 - 4:23 am

    Hi Tiger14

    Yes no dramas as long as the rent is done at market rent.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Nigel KibelNigel Kibel
    Participant
    @nigel-kibel
    Join Date: 2005
    Post Count: 1,425
    April 15, 2012 - 5:51 am

    The only other exception would be if you brought a property in a self managed super fund. If you do this you and your relatives can not live in it

    Nigel Kibel | Property Know How
    http://propertyknowhow.com.au
    Email Me | Phone Me

    We have just launched a new website join our membership today

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

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