question
Q: We just purchased a property in Western Australia on 5 acres. The property has a house and a shed on it.
We're intending on fencing the area around the house (around 1000 square meters) and renting the house and this portion of the land to tenants.
The remainder of the property will not be lived on, but we don't want to allow the tenants access.
How does this affect what we can claim as expenses for tax purposes. ie loan interest on the property?
