Moving into (and rebuilding) my rental property

[ShareInvestor]

I have a question I’m sure someone can help with.

I would like to purchase a property, rent it out for a year or two, and then eventually rebuild/renovate the existing house and move into it.

am I legitimately allowed (in the eyes of the IRD) to do this, or is this tricky?

[Perry]

That sort of thing is called a change of use and there will be implications. Just what - an accountant could tell you.