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Holiday House Rules - API Article

You’ve purchased a holiday house and now you need to decide if you keep it for yourselves, or rent it out to help pay for it. There’s a lot to consider…

If you don’t like the idea of someone else using your holiday house and you won’t rent it out, there are still a few things to remember. All the holding costs for the property can be used to reduce the capital gain when you sell in the future. These include interest, council rates, water rates, insurance and repairs. Make you keep all these receipts so you can reduce your capital gain when you sell the property.

Click on the link below to read more of this great article written for the Australian Property Investor Newsletter by Pat Mannix and Bec Mackie on March 5, 2015.

http://www.gatherumgoss.com/uploads/167/116/Holiday-House-Rules-5-March-2015.pdf


Tags: Depreciation | Holiday House | Investment Property | Rebecca Mackie |