Recent content by wendy

settlement for the block was in April 09 (signed contract feb 09). Our accountant has been verrrry slow in getting our personal tax in order this year and still has not submitted it. We were just wondering if we should not be claiming anything as it did not end up with investment property on...

We have a block of land which we were going to build an investment property on. Can we still claim all costs involved in buying, selling, interest, council rates etc if we are now going to sell as our circumstances have changed. Your replies are greatly appreciated. Wendy

I guess it is going to get messy for our accountant. Have not had to redraw since making a IP BUT....we have had this loan for 7 years and have refinanced several times. Bought a car about 4 1/2 years ago, and added a pool to loan about 3 years ago. Oh and added a vacant block of land to loan...

Our now IP was our own PPOR for 7 years and in that time we have paid extra off it. We have a P&I loan and have a redraw facility, not an offset. My question is are we allowed to redraw for 1/ repairs to property 2/ personal use (holiday etc)? or is it gone for good now?