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	<title>PropertyInvesting.com | crossback | Activity</title>
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				<title>crossback replied to the topic First home vs IP in the forum Help Needed!</title>
				<link>https://www.propertyinvesting.com/topic/4391188-first-home-vs-ip/#post-4576033</link>
				<pubDate>Tue, 23 Oct 2007 08:07:48 +0000</pubDate>

									<content:encoded><![CDATA[<p>Terryw wrote:<br />
Under s118-145 of the Income Tax Assessments Act you can still class this property as your main residence for up to 6 years while it is being rented out. And you can claim all costs associated with it as per normal investment property (rates, interest etc). Then if you sell this within 6 years, provided you have no other main&hellip;<span class="activity-read-more" id="activity-read-more-169366"><a href="https://www.propertyinvesting.com/topic/4391188-first-home-vs-ip/#post-4576033" rel="nofollow">[Read more]</a></span></p>
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