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AMR
02-05-2009, 02:23 PM
I am thinking of buying a house and as a first home buyer I would be living in it. The first question is, if I get some flatmates in would I be able to deduct my interest payments from my taxes as an expense?

Secondly, supposing I believed that property prices were about to fall off a cliff and bought a put option against the likes of FBU or some other listed property investments as a hedging arrangement, would I be able to claim deductions off that?

Arthur
02-05-2009, 06:22 PM
Take a look at the "boarders" bit on the IRD site. Should be able to take in 2? with declaring the income.