[qsilverMember@qsilverJoin Date: 2003Post Count: 7]

November 14, 2003 - 3:21 am

I know this reply is a little late but if it helps good. Agreeing with everyone so far yes you have to have the property for 12 months and a day with the dates calculated from the day you sign the agreement regardless of settlement dates to be entitled to the 50% deduction. Also you are able to claim on every cent you put towards the property ie. rates, bills, interest payments, improvements, as well as the purchasing and selling costs. This can dramtically reduce the profit that gets added to you income and hopefully save you some tax.

I hope this helps.

chris

[qsilverMember@qsilverJoin Date: 2003Post Count: 7]

November 14, 2003 - 2:36 am

That answers my question, Thanks Rod

Keep up the good work I am only just rediscovering this wonderful world of investing and every bit of info helps.

Cheers

chris

[qsilverMember@qsilverJoin Date: 2003Post Count: 7]

November 14, 2003 - 2:27 am

Thanks

Do you own any IP interstate if so is it still in the 5% – 10% range? How reliant on the managers are you and how often should I check my properties myself?

chris

[qsilverMember@qsilverJoin Date: 2003Post Count: 7]

September 8, 2003 - 6:08 am

Thanks to everyone for the help!

I am happy to know that I can still use the FHOG at some later stage and can still buy some IP’s first.

(Thanks for the link simon I’ll check it out)

Chris

[qsilverMember@qsilverJoin Date: 2003Post Count: 7]

September 8, 2003 - 3:22 am

Thanks Simon

As I have no intention of actually living in the property, even for three months. Is it a safe bet to say I can not use the FHOG for the IP? Also if I do purchase an IP and not live in it does that purchase or further IP purchases make me ineligible for the FHOG when I want to buy a HOME.

Chris

[qsilverMember@qsilverJoin Date: 2003Post Count: 7]

August 15, 2003 - 12:29 am

Thanks Rie,

Ive tried the website and it is very useful
cheers![]