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sortep11(Newbie)Newbie
7 May 2024

Is it possible to rent out my main residence under the 6 (six) year rule for a period of 1 year whilst simultaneously moving into an existing investment property? Would this change which property is treated as the main residence and not allow deductions on the investment property that was moved into?

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Taxduck(Taxicorn)Taxicorn
7 May 2024

You move into your investment property it is no longer income producing so you can't claim deductions off your investment property expenses. You would claim the ownership costs of your main residence off the income it earns.

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Taxduck(Taxicorn)Taxicorn
7 May 2024

You move into your investment property it is no longer income producing so you can't claim deductions off your investment property expenses. You would claim the ownership costs of your main residence off the income it earns.

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Renting out main residence under the 6 year rule whilst moving into an investment property | ATO Community