If I sell a block of land that I purchased more than 12 months ago, are the interest payments and additional expenses incurred during ownership considered a tax deduction by the ATO?
Given that I'm a FHB and currently boarding with family, does that automatically qualify the block of land as my PPOR or would it be considered an investment property?
Thanks in advance.
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- is a block of land considered ppor?
is a block of land considered ppor?
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