HI just wondering I have an IP that was bought last year and early this year I changed it's purpose to investment, paid the extra stamp duty and it has been vacant ever since while I renovate. Can I claim all the deductions I am incurring even there is no income to offset? (not just interest but reno costs... I understand there's an owner builder or capital construction threshold? I'm trying to be under that. My purpose is to rent out in a few months. Do I need to say it has been avaialable for rent this whole time but no one has been interested? I mean they are happy to take my stamp duty to make it an IP, and the renos are just taking a while as I'm doing myself.