SA Property Investment - Changing Property from Occupier to Investor?

[Kerrie LC]

I have been living in a home I purchased last year. I would to rent the home out and change it to a property investment I went to the bank to change my loan over to investor.

They said I can leave it as owner occupier and pay a lower interest rate. They said this was possible as I don't have any other home loans. Does this sound right? Can I still claim the interest paid on my tax?

 

[Rod]

Does this sound right? Can I still claim the interest paid on my tax?

Yes and don't know, However - talk to your accountant before making any tax claims as there is a CGT free period in this kind of situation.

 

[Kerrie LC]

Yes and don't know, HOWEVER - talk to your accountant before making any tax claims as there is a CGT free period in this kind of situation.

Thanks Rod