bens0n started the topic List of allowable investment property tax deductions in the forum Legal & Accounting 3 years, 11 months ago
I have the plunge and purchased my first investment property, which is scheduled to settle next week.
Can someone kindly point me to a simple resource, which clearly summarises a list of allowable tax deductions? Including; LMI, Mortgage Registration fees etc
So assuming I claim my first property as PPOR and then sell within 6 years I will avoid paying CGT. Could I then claim my new property as PPOR after the first one is sold and avoid paying CGT on that as well?
I currently own two properties in NSW. The first of which I lived in for 2 years, it has since been rented for the past 13 months. I recently bought a new property and plan to live in it for the foreseeable future. Can I claim my first property as my primary residence to avoid paying Capital Gains tax if I sell within 6 years of moving out even…[Read more]