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Harry

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    Harry replied to the topic Six year rule and loan type in the forum Legal & Accounting 8 years, 7 months ago

    Thanks your your replies.

    Yeah I do have a fair share of accountants, financial advisers even ATO staff who gave quite different advice.

    Interestingly enough, the Westpac staff told me that she didn’t know the 6 year rule but was adamant that there is bank’s internal audit which will make sure only investment loan can claim rental…[Read more]

  • Profile picture of Harry

    Harry started the topic Six year rule and loan type in the forum Legal & Accounting 8 years, 7 months ago

    Hi, this is my first question so please patient with me…

    I purchased my property with a residential home loan and lived in it for over 2 years. Then I moved interstate and rented it out. I understand that I can use the 6-year rule to keep this property CGT free. The questions are:
    (1) Do I need to change my home loan to investment loan when…[Read more]

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    Harry became a registered member 8 years, 7 months ago

Harry

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