Hi all,
I purchsed my first property in 2003 which I lived in for a short period of time to meet FHOG requirements, since mid 2004 the property has been rented out and I am about to submit my first tax return reflecting the rental income/exps etc. My question is- can I claim the stamp duty/ loan costs as the property was originally my PPOR?
Hello
Stamp duty can’t be claimed period. However I believe that since loan establishment costs are claimable over 5 years normally I’m sure you could claim what remains of this. I.e. if you lived in it for, say, 12 months you can claim 80% of the costs over the first 4 years of renting it out.
Cheers
Non deductible
will be add to the cost base of your property and used to calculate your capital gain once you sell the property.
You must be logged in to reply to this topic. If you don't have an account, you can register here.
