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]
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]