New here so thanks for any helpful advice. I own my home outright and we need to buy a larger home. Is there any tax benefit in converting the existing home into an investment property and using it as security to purchase a larger home?
None at all. No loan on the property, negative gearing won't happen. Property subject to CGT (capital gains tax) when no longer your main residence. (if and when disposed of)
Using old home as security on a loan to purchase a new home is of no relevance. Purpose of loan is to purchase a new home. Interest on loan can't be claimed off rent from old home.
None at all. No loan on the property, negative gearing won't happen. Property subject to CGT (capital gains tax) when no longer your main residence. (if and when disposed of)
Using old home as security on a loan to purchase a new home is of no relevance. Purpose of loan is to purchase a new home. Interest on loan can't be claimed off rent from old home.
21 May 2026 · 4 min read time
15 Apr 2026 · 8 min read time
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