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Thanks Paul. When you say accumulate, would the accumulation period be limited to the financial year the property becomes available for rent (and beyond) or could you claim retrospectively for interest incurred in a previous financial year? [Edit - never mind, I read the case. It seems that...

Interesting. I did forget to mention that no sales are planned, intention is to hold. I guess what I'm interested in is whether the interest for the pre-construction costs will be deductible once they are available to rent.

Sorry, yes it will be for investment Terry

Just a quick question for the tax gurus. I'm in the early stages of developing a property I own - just getting initial sketches done now. I'm wondering what the best way to fund the development is, from a tax and/or cashflow perspective? I've got cash offsetting my homeloan (PPOR), and I've...