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_Demi1(Newbie)Newbie
18 Feb 2021

Could you retain the family home after divorce as an investment if one partner stays in the house? Could the partner that moves out then claim half the interest/rates/insurance on the house? The partner that remains in the house, would pay half market rent to the partner that moves out.

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2,114 views
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TonyATO(Community Support)Community Support
21 Feb 2021

Hello @Demi1

If a partner moves out due to relationship breakdown, they may be able to claim a portion of rental income expenses, depending on who's name is on the title deed.

If you decide to rent out all or part of the property, there may be capital gains tax (CGT) implications should you ever decide to sell the property.

It may be worth seeking advice from a tax professional before claiming any rental expenses. I also recommend having a look at the following information:

    • Residential rental properties

    • Relationship breakdown

    TonyATO

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      Most helpful reply

      TonyATO(Community Support)Community Support
      21 Feb 2021

      Hello @Demi1

      If a partner moves out due to relationship breakdown, they may be able to claim a portion of rental income expenses, depending on who's name is on the title deed.

      If you decide to rent out all or part of the property, there may be capital gains tax (CGT) implications should you ever decide to sell the property.

      It may be worth seeking advice from a tax professional before claiming any rental expenses. I also recommend having a look at the following information:

        • Residential rental properties

        • Relationship breakdown

        TonyATO

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