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2nd house

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Newbie

Views 375

Replies 2

Hi,
We have lived in same city for 10 years. I know have a new job in new city, and want to purchase a unit to live in whilst in the new city, but we need to keep the family home in old city for my kids to finish high school. Can i claim expenses for new unit as tax deductible?
Thanks
1 ACCEPTED SOLUTION

Accepted Solutions
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Best answer

Taxicorn

Replies 0

No, you can not.

 

Under what circumstances do you believe that the Australian Government should help fund your 2nd home?

 

 

2 REPLIES 2
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Best answer

Taxicorn

Replies 0

No, you can not.

 

Under what circumstances do you believe that the Australian Government should help fund your 2nd home?

 

 

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Community Manager

Replies 0

Hello @allan0411 

 

The advice provided by @macfanboy is correct. The cost of your new unit would be considered a personal expense and you would not be able to claim any tax deductions for this.