Thanks Terry for the feedback! Really appreciate it!
But if you own another property you cannot choose both as the main residence for an overlapping period.
So with respect to this point. If my IP becomes my PPOR for 2 months seems like I can reset the 6 year. Meaning no CGT on the 6 year period to date. So given I own both properties but on…[Read more]
Wondered if anyone could advise!
I own 2 properties. One an IP since June 2015 and another my PPOR since July 16.
I am planning on undertaking renovations on my PPOR which will take a couple of months and as it happens my tenant is moving out of my IP at the same time. My question is….does the 6 year CGT period reset if I moved b…[Read more]
Wondered if anyone can help. I am planning on investing with a friend whereby I put up the initial deposit and they live in the property themselves and pay any associated loan and living costs. Are there any tax implications whatsoever for me? I would continue to live in the current property I own.
As we would be 50% joint owners just…[Read more]
runnyman started the topic In need of good Mortgage Advisor/Advice on Int only loans in the forum Help Needed! 1 year, 8 months ago
Wondering if you can help. I am currently in a enforced holding pattern as my current loan on my PPOR switched to P&I from interest only 12 months ago making it pretty expensive to service my loan. I currently running at around an LVR of 85-88%. My IP has an LVR of 74%. I would really like the ability to switch to interest only so I…[Read more]
I wondered if anyone was able to help me. I have a friend who will be moving in with me 1st July and occupying two of the four bedrooms in the house (one for himself and one for his daughter). I intended to live in this property for another two years (and turn it into an IP) whilst saving for another house so this arrangement will help…[Read more]
I note your article says you can depreciate mortgage insurance over 5 years for an investment loan. I was just wondering if a portion of the mortgage insurance was still claimable if originally the house was a PPOR but later became an IP? (and the loan became an investment loan).
Sorry to reply to this thread but I am a new member and…[Read more]