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  1. Homer J Simpson

    tax deductible??

    Would the interest charged when using the equity in a property to obtain a cashbond still be tax deductable (since the argument is that the cashbond is needed to obtain serviceability) If the extra serviceability that it gains is not used(sits there in a form of LOC) for a financial year...
  2. Homer J Simpson

    ATO targets Hybrid trust

    http://law.ato.gov.au/atolaw/view.htm?docid=TPA/TA20033/NAT/ATO/00001 Can anyone comment on this?
  3. Homer J Simpson

    Insurance

    If you have income insurance, do you need mortgage insurance? I am aware that if you have less than 20% deposit on a house it's compulsory to have mortgage insurance, but my question is concerning cash flow. Does the payments from the income policy cover the loan repayments as well? Also how...
  4. Homer J Simpson

    No Depreciation for Rental Property Items

    The Administrative Appeals Tribunal (AAT) recently disallowed a taxpayer deductions for depreciation claimed on various items of property connected with the taxpayer’s rental property because the items did not qualify as ‘plant’. In particular, depreciation was denied on electrical cables...
  5. Homer J Simpson

    Did anyone go to the McGrath talk last night?

    Any info ?
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