Recent content by tester

I was planning to sell my IP but couldn't sell . thinking of putting it back on rent'. Can I claim 1k building report cost and 1 k advertisement cost in next tax return even though I couldn't sell.

I am looking at option at Apartment (2 bed, 2 bath, 1 Car space) which is 86 sqm living plus 30 sqm courtyard. It is on ground floor and 1 year old. It has Pool and Gym. Starta fee 3356 per year. Currently rented 480 per week. Total purchase cost would be 435000 inc stamp duty. Can i...

How do i get private rulling ? do i need professional accountant to do that ?

Sorry if misunderstood. Please reply with your comments as to where i have gone wrong ?

I came up with above based on this " Get a LOC secured against the PPOR. Keep existing loan as is - with offset. Borrow 20% plus costs from this and the remainder 80% secured against the investment property, interest only. Only use the PPOR as security for the LOC Only use...

I have spent last few days in here to come up with right solution for IP finance strategy. Please advise if you think i am missing anything or misunderstood anything or whether this will work Aus Tax law. Current Situation: PPOR - Equity 300 K. I have I/O only loan with Offset acc 260 K...

I am considering a pool in my canberra property. Do you guys it will add any value ?

Thank u very much. Plz explain 2nd LOC in detail. What expense r u ref to ? If the expense are tax deductible then how would I claim the interest. In total I will have three acc per IP. 2 LOC against PPOR and 1 80% IP loan

Just competed PPOR built. I have interest only loan with that. Approx 700 k equity. I am looking at getting first IP using LOC possibly 100% loan on IP plus associated purchase cost. Our family income approx 200k per annum. I m looking long term return. Possibly hold 10-15 yrs. Any advise re...

I have just completed knock down rebuild of my property. Where i would have 650 k loan and 700 K equity. I am looking at getting in into investment property. Please advise as to how should i set up my finance ? where should i be looking

I have just completed knock down rebuild of my property. Where i would have 650 k loan and 700 K equity. I am looking at getting in into investment property. Please advise as to how should i set up my finance ? where should i be looking

I have just completed knock down rebuild of my property. Where i would have 650 k loan and 700 K equity. I am looking at getting in into investment property. Please advise as to how should i set up my finance ? where should i be looking ?

Question on my friend's behalf I have 400 k saving in my acc. Looking at buying an IP. My target is to get tax deductible 100% loan on that IP and avoid LMI by using 400K as guarantee. I don;t have any PPOR. I know i could have done that if i had PPOR. Thx

Do we have any accountant here who could help me ??????

Thx. What happens to the money I will be spending to do Reno before I make the IP PPOR. What happend to the money I will be spending while having as PPOR. CGT will I add all the expence