VIC Investment property or not?

Australia's #1 for Law
Join 150,000 Australians every month. Ask a question, respond to a question and better understand the law today!
FREE - Join Now

BlackxxAssassin

Well-Known Member
13 May 2019
33
0
121
If person A bought a house a number of years ago with person B (the mother of person A) 50/50 split. At that time both person A and B lived there with others, then person A moved out into rented accommodation and was no longer paying the mortgage.

The money was coming from either person B’s account or someone else’s who lived in the house. Is this still considered an investment property for the 3 years person A wasn’t living there? Person B remained there throughout this time.
 

Rod

Lawyer
LawConnect (LawTap) Verified
27 May 2014
7,731
1,056
2,894
www.hutchinsonlegal.com.au
Looks like a tax question.

Not sure if you are wanting to know if state land tax is payable, whether capital gains tax is accruing, wanting to claim tax deductions for interest payments or something else.

A tax accountant is your best bet for an answer.