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1. I doubt it but check withy FEMA (if they declared it a disaster zone, then yes you should be eligible).
2. Claim them all against rental income.
3. I am unsure what "flood levy" you refer to.
why do you NOT claim this as a primary residence as you only rent out the second floor? Where is your residence in your mind?
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I rent out the whole house, I live in mount isa the house is in brisbane, the new flood levy I am talking about where the government plan on taking 1% more a week or something from your pay to finance 1.8 billion dollars for the flood bill, its new and people who earn over $100.000.00 pa have to pay it, but am i exempt?
I need an australian financial expert