504 | Everything You Should Know Before Turning Your PPOR Into an Investment
The Property Couch
00:00
Tax Implications of Converting a Principal Place of Residence into an Investment Property
The chapter explores the complexities and tax implications of converting a principal place of residence into an income-generating asset. It emphasizes the importance of understanding cost base, apportioning gains and costs for tax purposes, and seeking professional advice to optimize tax outcomes. Listeners' queries about offset accounts, loans, and scenarios of converting their homes into investments are addressed, shedding light on strategic financial planning and considerations for such transitions.
Transcript
Play full episode
