G
ger.mcmahon
Guest
Hi,
I currently have an investment property which is rented out (I have posted a question on this mortgage aspect of this also). I am buying a holiday home which will be let some of the time and used by myself on other times. I do not need a huge amount of money to purchase this holiday home and plan to borrow the money on the mortgage of other investment property that is let out.
My question is about tax returns and can i combine all income and costs of both properties together on working out my tax return or do i have to keep all income and costs per property seperate when working out my tax return.
cheers,
ger.
I currently have an investment property which is rented out (I have posted a question on this mortgage aspect of this also). I am buying a holiday home which will be let some of the time and used by myself on other times. I do not need a huge amount of money to purchase this holiday home and plan to borrow the money on the mortgage of other investment property that is let out.
My question is about tax returns and can i combine all income and costs of both properties together on working out my tax return or do i have to keep all income and costs per property seperate when working out my tax return.
cheers,
ger.