Recent content by Sandydubes

  1. S

    Money from Tax Returns - where should it go?

    Hi, SITUATION: I am acquiring an Investment Property (settlement due in May2012). I have taken a Fixed Rate I/O loan (@ 95% LVR) that allows advance payment of annual interest. This does not allow any extra repayment of more than 10K/year. Meaning, I cannot put my rental income (26K/year) in...
  2. S

    Tax deductions - Interest in Advance

    It is with Adelaide Bank.
  3. S

    Tax deductions - Interest in Advance

    Understand. I have a non-deductible home loan with a offset. So the rental income goes in thos offset. Can I later take the money out and pay for the IP expeneses like fees, strata, insurance etc. from the offset account - technically yes, but does that impact tax deductions - heard of some...
  4. S

    Tax deductions - Interest in Advance

    Hi, I am in the process of setting up a Fix rate Interest only home loan that allows advance payment of annual interest. While I am aware of the benefits, I am not sure about how (and what accounts) to receive the rental income so that it does not become idle money for the year (not...
  5. S

    PPOR Loan Refinancing structure to buy first IP

    Hi, I am refinancing my PPOR Loan (different lender) to draw equity to be used as deposit to buy my first IP. Situation: 1. Current loan 280K. Offset account balance 100K. Redraw available 60k. 2. PPOR current valuation for refinancing 530K. Refinancing@ 80%LVR = 424K. Proposed Loan...
See more
Back
Top