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yes - shares will be income producing but with franking and smaller div yield it should help manage the tax liability. Sounds like should pay down the LOC completely and then draw for any other uses. I will also sell and re-purchase the parcel of shares that were recently purchased. The...

Hi All, I think I've got myself in a bit of a twist on how to maintain deductibility on a LOC while moving between asset classes. A classic case of acting before thinking it through!! Situation is (round numbers): Existing IP - Purchase Price $1m 80% Lend with 3 IO splits ($700k)...

alright....thanks all All i need to do is actually get the job now!

thanks Shahin, It would be PAYG... and definitely not 300k! That's sounds reasonable - so I could wait 6 months or so and apply on payslips up to 80% If I wanted to go higher than 80% may need to apply on the last NOA - in that case if I have a decent depreciation claim my...

I'm considering a move to a new employer and want to know how it would affect my borrowing power. Employer would be a NSW Gov Department, but the terms of the employment would be a rolling 6-month (possibly 9-month) contract and remuneration is given in a per hour rate (+ super). The...

I just want to agree with miximitosis. I've been a long time lurker on SS and only recently jumped in with both feet. I spent over a year reading old posts on here to kick-start my education and the regulars have created a fantastic resource for others to draw on. When I was ready I did reach...

Sorry to bump this, but I just cant get my head around it. Any brokers or accounting gurus have a thought on preserving the deductibility? The situations is as follows: IP1 - UK Property, no debt. Looking to get a 60%LVR IO loan to release equity and use a deposit for IP2 in Oz. IP2 (Future) -...

Hi Everyone - just wanted to bump this, after reading the thread over here: http://somersoft.com/forums/showthread.php?t=87426&page=3 What are the options for releasing equity from the UK and maintaining deductibility? IP1 - UK House, no loan. Looking for 60% LVR, IO for expats. Would like to...

I have been living and working in Aus for 5years and am now a permanent resident so I think I should be able to source finance here as well. I think I will be able to secure the finance over there as it will be IO, fully serviced by the rental income. I really want to utilise the equity (and...

Thanks for the reply. Martin looks likes a good place to start. (also recognise a couple of names from these forums, which is comforting!) Anyone got advice regarding using finance from overseas? Plan to service the loan from the UK income. Any mistakes or tax considerations to be especially...

Hello all, New poster here, so bare with me. I am only just starting down the road of property investment and I have been devouring the information here and in other places. It's been said before but this is an excellent resource and want to thank those who contribute so much. I am looking...