Hi @Daisya568
You can't claim a deduction for interest expenses for any period the property is used for private purposes.
We also have a great page for interest expenses for rental properties you may find helpful.
Instead, when the property is sold and you calculate the capital gain, you can include such costs of owning the asset (including interest) into the Cost base where you could not claim a deduction for the costs because you did not use the property to produce assessable income when it was your main residence.
56 views
56 views0 replies
0 replies
56 views
0 replies