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Hi Guys I refinanced three loans from Members Equity (ME) over to the Westpac's (WBC) premiere Advantage package. As far as my e-tax return goes, where would I claim these fees &/or charges: Setup Recovery Fee (ME) Discharge Fee (ME) Guarantor Fee (WBC) (One Ip in my name, one IP in wife's...

Floating floors & wall trim. At bunnings they have up signs saying you will need "wall trim" to cover the gap between the floating floor & the skirting board (10mm all round). When asked about this wall trim I was told that they themselves didn't know what it was & have not been able to find out...

Hi I bought a unit in Nov 2001. On 20th Feb 2006 I refinanced with another lender. I have been charged a $715 discharge fee by the original lender. I have also paid $168 to the Registrar General (RG). As well as the outstanding amount of borrowing costs, do I also claim, in my tax return...

Hi I'm hoping someone can clarify this for me. In the Navra Blue Chip Australian Retail Fund Annual Tax statement in regard to Capital Gains, there are two entries. 1. Capital gains Discounted 1422.17 Tax pack ref 17H 2. Capital gains Others 39.59 Tax pack ref 17H I...

G'day I was wondering if any of you know the answer to this non-property related question. I think I'm on the right track but I'm not absolutely sure & I would appreciate your input, thanks. If I was to borrow (refinance IP, which I am in the process of) funds to invest in a managed fund &...

In an old post quoted below, DaleGG says that a gift to your PM is tax deductable. Just wondering where in etax for an individual would you claim this? I am presuming it would be claimed as a business expense D15 Other deductions. Would that be correct? Thanks ***Quote*** DaleGG...

G'day If someone who was registered, then lost access to that computer, bought a new computer with a new ISP (new email address etc) how can he re-claim his old registered name? He can't re-register under that name as it says the name is already taken. Thanks

I bought an IP in Sep. 2002, which needed a couple of sumps, some agi pipe work & a complete re-mortaring of the roof tiles done. Being relatively new to IP's & from what I had read, I believed that these "repairs" were of a capital nature & the costs would only be deductible, tax wise, upon...

What sort of a return % wise are people expecting from their investments in the Navra Blue Chip retail fund? I'm asking because I'm thinking of re-drawing some funds from an IP mortgage to invest in them. I would like to be confident that the Navra investment would have a superior return to the...

Reletting fee. In the "yearly" statement from my PM they list Rental Income, they then subtract the Reletting fee to equal a lesser rental income amount. They then list the expenditure's after that total. Is this how the reletting fee is claimed in a tax return, by reducing the income? Thanks

Hi guys My daughter's just going through a marriage breakup & needs to rent a unit in the top Ryde area of Sydney. Today she inspected a unit for rent & has been told by the RE agent that the rent is $175 - $220 p/w & she has to put down how much she is willing to pay on her application form...

I have just been reading the FAQ on the Navra Financial Services site where under the heading "What happens if Interest rates rise?" they say that when this happens, property prices also rise". Is this correct? If interest rates start going up will property prices also go up accordingly...

G'day Just a quick question. I bought a 1975 built unit in January 2002 & did some minor renovations. I claimed no depreciation in my 2001-2002 tax return. Now, in April 2003 while having a QS do a depreciation schedule on another property, I also got him to do one on the pre 1975 built...

Anybody have any opinions on Aussie's Asset Power home loan? http://www.aussiehomeloans.com.au/Content.asp?ContentID=117719 Pluses: Interest only, 20 yr term, lump sum add. payments, portable etc Minuses: App. fee, Annual fee, minimum loan pretty high, maximum LVR 80% etc Interest is...

From: Geoff Donges Can anyone recommend a good Quantity Surveyor in the ACT. Looking for someone who can do the job on short notice, very thorough & of course, not too expensive :o) Thanks

From: Geoff Donges Being in the ACT & able to claim all purchase/lease costs in the first year in my tax return, how does this work in regard to borrowing costs. Do I still have to spread the borrowing costs over 5 years? I also presume that Mortgage Insurance is a borrowing cost. Though I...

From: Geoff Donges G'day A week or two ago I read a pretty comprehensive post on the negatives of Salary Sacrifice. I have over the last couple of days been unable to find that thread. Does anyone know the title of the thread that that post was in. Thanks.

From: Geoff Donges G'day all, After a recent thread in regard to LOC's & interest/tax, I was wondering if someone could tell me exactly how this goes. (I'm a bit thick :o)) Some time ago I posted a question asking if I could claim the interest on a redraw from my PPOR loan for the deposit &...

From: Geoff Donges G'day Looking for an IP accountant in the ACT? Read a thread on "Accountant/Solicitor Database" in the archives but it doesn't look like the idea took off. Thanks

From: Geoff Donges gad G'day fellow Property investors Seeking opinions, not advice. My situation: At the time the mortgage on my PPOR was down to $45 with 92G available in the redraw facility. Bought IP1 in Dec, 2br unit in Canberra, borrowed 90% & used redraw from PPOR mortgage for 10%...