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  • Profile photo of frost83frost83
    Member
    @frost83
    Join Date: 2009
    Post Count: 1
    June 23, 2009 - 6:48 am

    Hi Guys,
    I am thinking of buying my first house in Sydney but i know i wont be eligible for FHOG as im moving to ACT soon. My aim is to let my parents stay in the new house and essentially pay me rent. Is this possible if they are also helping me with loan repayment? The idea is to negative gear the new house.
    Thanks for your help folks!

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    June 23, 2009 - 10:35 am

    should be ok as long as they are not on title and everything is commercial.

    If they are on title, then they could probably rent your share of the place.

    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

Viewing 2 posts - 1 through 2 (of 2 total)

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